I think a good example of the Jaccard Index is from the paper Lazy Prices[1] in which the authors use it to measure diffs in a company's annual and quarterly re

I think a good example of the Jaccard Index is from the paper Lazy Prices[1] in which the authors use it to measure diffs in a company's annual and quarterly reports. They also use other similarity measures (cosine, minimum edit, simple) so you get a better understanding of how each applies to textual similarity as a whole. [1] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1658471 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1658471