2 ideas and puzzles from Frank Benford, each explained in a minute and credited to the original work. Free on Savvy.
Gather a huge pile of real-world numbers — river lengths, stock prices, populations, electricity bills, anything — and look only at the very first digit of each one. You'd expect t…
— Frank Benford, The Law of Anomalous Numbers
Look at river lengths, stock prices or street addresses: about 30% begin with the digit 1, shrinking all the way down to under 5% for 9. Frank Benford documented the pattern across…
— Frank Benford, The Law of Anomalous Numbers