10-030/4 - Finite-State Markov Chains obey Benford's Law

• Authors
  Bahar Kaynar, VU University Amsterdam; Arno Berger, University of Alberta, Canada; Theodore P. Hill, Georgia Institute of Technology, USA; Ad Ridder, VU University Amsterdam
• Publication date
  March 10, 2010

• Keywords
  Markov chain, Benford's Law, uniform distribution modulo 1, significant digits, significand, n-step, transition probabilities, stationary distribution
• JEL
  C02, C65