For those interested in some related theory, there is a nice paper on ranking processes in complex systems [1,2]. Also of interest is extreme value theory [3],

For those interested in some related theory, there is a nice paper on ranking processes in complex systems [1,2]. Also of interest is extreme value theory [3], a cool--but hard!--branch of statistics. [1] Journal link: https://journals.aps.org/prl/abstract/10.1103/PhysRevLett.109.128701 https://journals.aps.org/prl/abstract/10.1103/PhysRevLett.10... [2] Semantic Scholar PDF: https://pdfs.semanticscholar.org/0233/05eda86eb88589b6b28ec4d152f9f13c92e8.pdf https://pdfs.semanticscholar.org/0233/05eda86eb88589b6b28ec4... [3] https://en.wikipedia.org/wiki/Extreme_value_theory https://en.wikipedia.org/wiki/Extreme_value_theory