Parameter estimation for power-law distributions by maximum likelihood methods

H. Bauke

Published 2007 in The European Physical Journal B

ABSTRACT

Abstract.Distributions following a power-law are an ubiquitous phenomenon. Methods for determining the exponent of a power-law tail by graphical means are often used in practice but are intrinsically unreliable. Maximum likelihood estimators for the exponent are a mathematically sound alternative to graphical methods.

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