King effect
In statistics, economics, and econophysics, the king effect is the phenomenon in which the top one or two members of a ranked set show up as clear outliers. These top one or two members are unexpectedly large because they do not conform to the statistical distribution or rank-distribution which the remainder of the set obeys.
Distributions typically followed include the power-law distribution, that is a basis for the stretched exponential function, and parabolic fractal distribution.
The King effect has been observed in the distribution of:
- French city sizes, and similarly for other countries with a primate city, such as the United Kingdom, and the extreme case of Bangkok.
- Country populations.