There is indeed a probabilistic interpretation of ranks. It's discussed here: http://ac.els-cdn.com/0004370295000909/1-s2.0-0004370295000909-main.pdf?_tid=b536

There is indeed a probabilistic interpretation of ranks. It's discussed here: http://ac.els-cdn.com/0004370295000909/1-s2.0-0004370295000909-main.pdf?_tid=b5361720-1647-11e7-bb2d-00000aacb361&acdnat=1490988469_b0f8c1932e015b072c0569c252376961 http://ac.els-cdn.com/0004370295000909/1-s2.0-00043702950009...