The importance of being “one” (or Benford’s law)

The importance of being “one” (or Benford’s law) In this article we give an informal presentation of the so-called Benford’s law, a counterintuitive probability distribution that describes the frequency with which the first significant digits—that is, a digit between 1 and 9—appear in sets of numbers associated with heterogeneous quantities. Unlike what might be expected, these frequencies are not equal but are decreasing, that is, 1 appears more often than 2, which appears more often than 3 and so on. After an introduction to the law, we will show how, perhaps unexpectedly, it is satisfied by the numbers generated by some sequences of powers. We will then illustrate some applications in the socio-economic field (for instance, to identify accounting or electoral fraud). Finally we will use it to analyse the tax returns of some former US presidential candidates. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Lettera Matematica Springer Journals

The importance of being “one” (or Benford’s law)

Loading next page...
 
/lp/springer_journal/the-importance-of-being-one-or-benford-s-law-4obrFjdvPn
Publisher
Springer Milan
Copyright
Copyright © 2018 by Centro P.RI.ST.EM, Università Commerciale Luigi Bocconi
Subject
Mathematics; Mathematics, general; Theoretical, Mathematical and Computational Physics; Mathematical Methods in Physics; Applications of Mathematics; History of Mathematical Sciences; History of Science
ISSN
2281-6917
eISSN
2281-5937
D.O.I.
10.1007/s40329-018-0218-4
Publisher site
See Article on Publisher Site

Abstract

In this article we give an informal presentation of the so-called Benford’s law, a counterintuitive probability distribution that describes the frequency with which the first significant digits—that is, a digit between 1 and 9—appear in sets of numbers associated with heterogeneous quantities. Unlike what might be expected, these frequencies are not equal but are decreasing, that is, 1 appears more often than 2, which appears more often than 3 and so on. After an introduction to the law, we will show how, perhaps unexpectedly, it is satisfied by the numbers generated by some sequences of powers. We will then illustrate some applications in the socio-economic field (for instance, to identify accounting or electoral fraud). Finally we will use it to analyse the tax returns of some former US presidential candidates.

Journal

Lettera MatematicaSpringer Journals

Published: Mar 6, 2018

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial