Modulated Branching Processes, Origins of Power Laws and Queuing Duality
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Date: 10-16-2007
Start Time:
1:00pm
End Time: 2:00pm
Speaker: Predrag Jelenkovic, Columbia University
Location: Mudd 303
ABSTRACT
We propose reflected modulated branching processes as generic models
for many observations of power laws in proportional growth
environments. Our main results show that the proposed mathematical
models result in power law distributions under quite general polynomial
Gartner-Ellis conditions. The generality of our results could explain
the ubiquitous nature of power law distributions.
Furthermore, an informal interpretation of our main results suggests
that alternating periods of expansion and reduction, e.g., economic
booms and recessions, are primarily responsible for the appearance of
power law distributions.
Our results also establish a general asymptotic equivalence between the
reflected branching processes and the corresponding multiplicative
processes. In addition, in the course of our analysis, we observe a
duality between the reflected multiplicative processes and queueing
theory. Essentially, this duality demonstrates that the power law
distributions play an equivalent role for multiplicative processes with
reflective/absorbing barriers as the exponential/geometric
distributions do in queueing analysis.
Joint work with Jian Tan, the full paper is available here.