andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2012-04-17 12:00 pm

Interesting Links for 17-04-2012

[identity profile] call-waiting.livejournal.com 2012-04-17 11:57 am (UTC)(link)
Benfords Law is all well and good, but the only reason it works at a tool for detecting fraud is that fraudsters are unaware of how random numbers *should* be distributed. The more potential fraudsters are made aware of it, the more they'll pick realistically distributed random numbers, nullifying the utility of Benford's Law as a fraud detection tool.

Oh well.