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Regular version of the site

Book chapter

Testing for Strategic Manipulation of Economic and Financial Data

P. 257-265.
Nye J. V., Moul C. C.

After surveying applications of Benford’s Law within economics, we consider how a first-digit analysis informs Value-at-Risk data from U.S. financial sector over the past ten years. We find that Benford’s Law fits precrisis data very well but is rejected for postcrisis data. Opportunities and incentives for such misreporting are discussed.

In book

Testing for Strategic Manipulation of Economic and Financial Data
New Jersey: Princeton University Press, 2015.