For instance, research by Erik and his coauthors found that book sales at Amazon were characterized by a power law distribution.23 Power law distributions have a ‘fat tail,’ which means the likelihood of extreme events is much greater than one would expect to see in a normal distribution.24 They are also ‘scale invariant,’ which means that the top-selling book accounts for about the same share of the top ten books’ sales as the top ten books do for the top one hundred, or the top one hundred do for the top one thousand. Power laws describe many phenomena, from frequency of earthquakes to the
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