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An Introduction to Benford's Law (Hardcover)
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An Introduction to Benford's Law (Hardcover)
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This book provides the first comprehensive treatment of Benford's
law, the surprising logarithmic distribution of significant digits
discovered in the late nineteenth century. Establishing the
mathematical and statistical principles that underpin this
intriguing phenomenon, the text combines up-to-date theoretical
results with overviews of the law's colorful history, rapidly
growing body of empirical evidence, and wide range of applications.
An Introduction to Benford's Law begins with basic facts about
significant digits, Benford functions, sequences, and random
variables, including tools from the theory of uniform distribution.
After introducing the scale-, base-, and sum-invariance
characterizations of the law, the book develops the
significant-digit properties of both deterministic and stochastic
processes, such as iterations of functions, powers of matrices,
differential equations, and products, powers, and mixtures of
random variables. Two concluding chapters survey the finitely
additive theory and the flourishing applications of Benford's law.
Carefully selected diagrams, tables, and close to 150 examples
illuminate the main concepts throughout. The text includes many
open problems, in addition to dozens of new basic theorems and all
the main references. A distinguishing feature is the emphasis on
the surprising ubiquity and robustness of the significant-digit
law. This text can serve as both a primary reference and a basis
for seminars and courses.
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