/biz/ - Business & Finance

>power law
No idea what that was so I asked chatgpt.

"Of course! Here are some easy-to-digest bullet points explaining what a power law is:

- A power law is a mathematical relationship between two quantities where one quantity varies as a power of another.
- It's often observed in various natural and social phenomena, like the distribution of city sizes, the frequency of words in a language, or the popularity of websites.
- In a power law relationship, small events are frequent, while larger events are rare, following a specific mathematical pattern.
- It's characterized by a straight line on a logarithmic scale graph, with the exponent of the power law representing the slope of the line.
- Power laws can have significant implications in understanding complex systems, such as network structures, economies, and biological systems".