In #7 we looked at Huybers & Curry 2006 and Pelletier 1998 and saw “power law relationships” when we look at past climate variation over longer timescales.
Pelletier also wrote a very similar paper in 1997 that I went through, and in searching for who cited it I came across “The Structure of Climate Variability Across Scales”, a review paper from Christian Franzke and co-authors from 2020:
To summarize, many climatological time series exhibit a power law behavior in their amplitudes or their autocorrelations or both. This behavior is an imprint of scaling, which is a fundamental property of many physical and biological systems and has also been discovered in financial and socioeconomic data as well as in information networks. While the power law has no preferred scale, the exponential function, also ubiquitous in physical and biological systems, does have a preferred scale, namely, the e-folding scale, that is, the amount by which its magnitude has decayed by a factor of e. For example, the average height of humans is a good predictor for the height of the next person you meet as there are no humans that are 10 times larger or smaller than you.
However, the average wealth of people is not a good predictor for the wealth of the next person you meet as there are people who can be more than a 1,000 times richer or poorer than you are. Hence, the height of people is well described by a Gaussian distribution, while the wealth of people follows a power law.
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