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• W3103238892 abstract "Power-law distributions have been widely observed in different areas of scientific research. Practical estimation issues include how to select a threshold above which observations follow a power-law distribution and then how to estimate the power-law tail index. A minimum distance selection procedure (MDSP) is proposed in Clauset et al. (2009) and has been widely adopted in practice, especially in the analyses of social networks. However, theoretical justifications for this selection procedure remain scant. In this paper, we study the asymptotic behavior of the selected threshold and the corresponding power-law index given by the MDSP. We find that the MDSP tends to choose too high a threshold level and leads to Hill estimates with large variances and root mean squared errors for simulated data with Pareto-like tails." @default.
• W3103238892 created "2020-11-23" @default.
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• W3103238892 date "2020-01-01" @default.
• W3103238892 modified "2023-09-30" @default.
• W3103238892 title "On a Minimum Distance Procedure for Threshold Selection in Tail Analysis" @default.
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• W3103238892 doi "https://doi.org/10.1137/19m1260463" @default.
• W3103238892 hasPublicationYear "2020" @default.
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