Benford's Law Gaining Traction
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Last week I was hanging out with my friend Larissa Cox talking Internet of Things and one of the common topics that kept coming up organically was the data processing algorithm I have been working on 0rcan0mic and it's practical use case.
Larissa then told me about Benford's Law, so we watched this documentary about it. It was a bit "ho-key" but there were unanswered questions I had and Benford's Law specifically relates to my company and my expertise so my curiosity grew. I was intrigued. This was worth my time to investigate further. In my reality when I seek the answers my intuition tells me to is where I get the big gains from. I act on my intuition, I've learned the hard way to not ignore intuition. Ignoring my intuition has lead me to non favorable results and is likely true for you.
Long story short, I leave Larissa's house and looked at my dashboard and what did I see? Take a look at my profile picture and leave a comment when you find the answer. Recurring co-incidence. That was a . not a ?. Pattern recognition; this is what I am unarguably one of the best at. This is an important skill in business.
Before sleep that night I reached out to my relevant network and was surprised to find only one person (Computer Scientist) actually new what Benford's Law was. One CFA friend said Benford's Law reminded him of reversion to the mean. Okay no problem, Benford's Law is useful to large data set use cases like my company so this is for a segmented audience, not the masses. Makes sense.
After I gathered all information I could I sent out a tweet to a bunch of Titans to attract some attention saying things like "If you hear of Benford's Law in the media I was ahead of the curve" kinda thing. To my surprise this tweet got the most engagement I've had on twitter. Cool, onto something here let's see what's next.
So no big deal, whatever right. Well, this morning after picking up garbage in the park and helping others with Unix issues on Stack Exchange.
Notice how other elitists down voted this persons pain where as I healed this persons pain because of empathy. This person thanked me I got =15 reputation to the community then the topic was closed. Hmm....
Before I began my corporate work, I see a hot trending thread on Benford's Law. 66,000 views! Wow! Engagement is through the roof! Bingo! Keep going. Now we got some wind behind our backs. Let's see what all the attention is about which is discovering #truth and the number 1. 1 = conversion = profit.
Now before you take a look at this thread you need to understand this is a rabbit hole solving for π type discussion. This isn't the "holy grail" of the "one thing" that has been hidden from Humanity that will solve all the world problems. Nonsense. Benford's Law is one tool. I find too many dissect/debunk one thing until it loses it's usefulness where as I take the tool and make practical use out of it and combine multiple other tools for various use cases to produce extraordinary results. This is likely due to the 2% Neanderthal DNA make up in me.
Anyways, as you read the article you likely won't know what's going on and that's okay. What is important is the amount of intelligent people discussing this topic and giving it attention and where these types of discussions can lead to. This is progression in a positive manner. This is Humanity attempting to uncover truth organically. These are the types of conversations I am interested in.
Now my question is; how many days until the media brings Benford's Law into the discussion? Any predictions? I have none but if I have to make a decision I will say Benford's Law will not be in the main stream media, but that's me just playing the numbers "sitting on the fence" playing it safe with my "gambler hat" on.
If you look further into Bendford's Law you will hear multiple non auditor/accountant types regurgitate information they read all over the web like "Accountants use this to detect fraud etc.." trying to speak for auditor/accountant types like they have experience seeing the data flow of hundreds of corporate and personal tax returns, nonsense. You will also see these types looking for the specific, exact solution for π in search of their own personal Philosopher's stone not realizing they are too far down the perfectionist path and it's time to pull it back in and "gear down there big rig".
Wisdom bomb
11.1% chance the numbers will outcome this way the the larger the data set gets. Meaning the more money you put into advertising dollars, if you have this set up correctly which most of you won't and that's okay.
Using Benford's Law there is a 33% chance the value will equate to 1 as the data set grows. 1 represents the truth or a conversion. In Science, specifically Computer Science in my use case, 1 and 0 also known as Boolean logic is crucial for sorting data. The larger the data set gets the more the numbers distribute uniformly to the picture above. In other words in the right conditions there is a 30% chance you will get the result you are looking for which is a conversion. Then you have your second chance for monetization 18% chance, then your third 13% chance. I am experienced printing autopilot profits at a 0.5% conversion rate which makes life peaceful. With Benford in my toolbox I'm feeling pretty good at this Omnipresent moment. Are you starting to see how this is important for your Internet Income also known as lead generation? If not it makes sense to me to set up a meeting with an accountant who is experienced and interested in generating you more profit. Your not a miser are you?
Do vote counts for Joe Biden in the 2020 election violate Benford's Law?
https://skeptics.stackexchange.com/questions/49782/do-vote-counts-for-joe-biden-in-the-2020-election-violate-benfords-law?newreg=9437cd91801d490392546a4a9ea8a806
GTM Strategist ?? I specialize in bringing ideas to life and then to market.
4 年I'm a convert! ??????