| Power law revisited |
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The long tail (above) looks exactly like a power law distribution (below): ![]() We have used the power law distribution previously to describe the effects of cumulative advantage, or "rich get richer." However, the long tail describes something utterly different than "rich get richer." Consider that megahits are the big winners in the "rich get richer" world described by Watts, but they are the dying paradigm of the "long tail" world described by Anderson. How can the power law curve describe both the preeminence of megahits and their imminent demise? To answer this question, it helps to examine more carefully the long tail curve and how it differs from the traditional power law distribution. Below we draw a generic long tail curve with units: ![]() We see two important distinctions between the long tail curve and the power law distribution:
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