Benford’s laws tests on S&P500 daily closing values and the corresponding daily log-returns both point to huge non-conformity

Author:

Ausloos MarcelORCID,Ficcadenti ValerioORCID,Dhesi Gurjeet,Shakeel MuhammadORCID

Publisher

Elsevier BV

Subject

Condensed Matter Physics,Statistics and Probability

Reference44 articles.

1. Note on the frequency of use of the different digits in natural numbers;Newcomb;Amer. J. Math.,1881

2. Benford’s law: A “sleeping beauty” sleeping in the dirty pages of logarithmic tables;Mir;J. Assoc. Inf. Sci. Technol.,2018

3. The law of anomalous numbers;Benford;Proc. Am. Phil. Soc.,1938

4. A taxpayer compliance application of Benford’s law;Nigrini;J. Am. Tax. Assoc.,1996

5. The use of Benford’s law as an aid in analytical procedures;Nigrini;Auditing,1997

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