The Occurrence Rate of Small Planets around Small Stars
Courtney D. Dressing, David Charbonneau

TL;DR
This study estimates the occurrence rate of small planets around small stars using Kepler data, finding nearly one such planet per star and identifying potential habitable zone planets within close proximity.
Contribution
It provides improved stellar and planetary radius estimates and quantifies the occurrence rate of small planets, including habitable zone candidates, around cool stars.
Findings
Occurrence rate of 0.5-4 Earth radius planets is about 0.90 per star.
Constant occurrence rate of Earth-size planets across the temperature range.
Estimated 0.15 Earth-size planets per star in the habitable zone.
Abstract
We use the optical and near-infrared photometry from the Kepler Input Catalog to provide improved estimates of the stellar characteristics of the smallest stars in the Kepler target list. We find 3897 dwarfs with temperatures below 4000K, including 64 planet candidate host stars orbited by 95 transiting planet candidates. We refit the transit events in the Kepler light curves for these planet candidates and combine the revised planet/star radius ratios with our improved stellar radii to revise the radii of the planet candidates orbiting the cool target stars. We then compare the number of observed planet candidates to the number of stars around which such planets could have been detected in order to estimate the planet occurrence rate around cool stars. We find that the occurrence rate of 0.5-4 Earth radius planets with orbital periods shorter than 50 days is 0.90 (+0.04/-0.03) planets…
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