Power laws and power-of-two-choices
Amanda Redlich

TL;DR
This paper explores a variation of the 'power of two choices' algorithm, focusing on selecting the largest among randomly chosen options, revealing a power-law distribution with predictable concentration properties.
Contribution
It introduces and analyzes the behavior of a novel selection process that results in a power-law distribution, extending the understanding of choice-based allocation algorithms.
Findings
The $i^{th}$-smallest value scales as $i^{d-1}$ with high probability.
The distribution is concentrated around its expected value.
Provides a formula for the expectation of the distribution.
Abstract
This paper analyzes a variation on the well-known "power of two choices" allocation algorithms. Classically, the smallest of randomly-chosen options is selected. We investigate what happens when the largest of randomly-chosen options is selected. This process generates a power-law-like distribution: the -smallest value scales with , where is the number of randomly-chosen options, with high probability. We give a formula for the expectation and show the distribution is concentrated around the expectation
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Taxonomy
TopicsStochastic processes and financial applications · Advanced Bandit Algorithms Research · Stochastic processes and statistical mechanics
