Economic returns of research: the Pareto law and its implications — mentioned by navanit

Sun, 12 Jul 2009 15:50:32 GMT

There's an implicit assumption in his argument that the mean is stable and finite. This need not be the case, and is often not the case with tail events under power-law distributions: http://navanitarakeri.com/Diversification.pdf Also see the following: Didier Sornette and Daniel Zajdenweber, The economic return of research: the Pareto law and its implications, European Physical Journal B, 8 (4), 653-664 (1999) here: http://xxx.lanl.gov/abs/cond-mat/9809366 There's also an excellent (and old) study on whether restaurants with specialized menus did better than restaurants with diverified…

Paper and discussion history. A mention is not an endorsement.

Economic returns of research: the Pareto law and its implications · HackerPapers discussions

Economic returns of research: the Pareto law and its implications — mentioned by navanit