Quote from: HOPE25 on Today at 03:05:36 AM

Quote from: bb113 on January 23, 2013, 02:58:24 AM

Interesting, what assumptions would you say are being made with this model? E.g., Why should price be modeled as the log of the rank?

The relative importance of a product or asset in a market is not directly related to its position in the market. The relative importance of a product is determined by the fact that the most expensive product ranks first, and the second most expensive product ranks second. Using such a model, it can often be analyzed that the higher the price of a product item, the more important it is, and the lower its importance.

that was a pretty good post you found from 2013