A Comment on Nonextensive Statistical Mechanics

Oded Kafri ()
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Oded Kafri: Kafri Nihul Ltd, Tel Aviv, Israel

Journal of Economics Library, 2016, vol. 3, issue 4, 583-586

Abstract: There is a conception that Boltzmann-Gibbs statistics cannot yield the long tail distribution. This is the justification for the intensive research of nonextensive entropies (i.e. Tsallis entropy and others). Here the error that caused this misconception is explained and it is shown that a long tail distribution exists in equilibrium thermodynamics for more than a century.

Keywords: Long-tail distribution; Power Law; Zipf Law; Tsallis Entropy (search for similar items in EconPapers)
JEL-codes: C62 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ5:v:3:y:2016:i:4:p:583-586

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