Affluent Savvy
Photo by cottonbro studio Pexels Logo Photo: cottonbro studio

Is the Lincoln Index accurate?

Limitations. The Lincoln Index is merely an estimate. For example, the species in a given area could tend to be either very common or very rare, or tend to be either very hard or very easy to see.

en.wikipedia.org - Lincoln index - Wikipedia
What is a lot of money?
What is a lot of money?

Respondents to Schwab's 2021 Modern Wealth Survey said a net worth of $1.9 million qualifies a person as wealthy. Apr 14, 2022

Read More »
What food makes Venus stronger?
What food makes Venus stronger?

If you possess strong Venus, you shall like honey, sweet potato, etc. However, if you possess a weak Venus, you must involve sweet fruits like...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Statistical measure

The Lincoln index is a statistical measure used in several fields to estimate the number of cases that have not yet been observed, based on two independent sets of observed cases. Described by Frederick Charles Lincoln in 1930, it is also sometimes known as the Lincoln-Petersen method after C.G. Johannes Petersen who was the first to use the related mark and recapture method.[1]

Applications [ edit ]

Consider two observers who separately count the different species of plants or animals in a given area. If they each come back having found 100 species but only 5 particular species are found by both observers, then each observer clearly missed at least 95 species (that is, the 95 that only the other observer found). Thus, we know that both observers miss a lot. On the other hand, if 99 of the 100 species each observer found had been found by both, it is fair to expect that they have found a far higher percentage of the total species that are there to find. The same reasoning applies to mark and recapture. If some animals in a given area are caught and marked, and later a second round of captures is done: the number of marked animals found in the second round can be used to generate an estimate of the total population.[2] Another example arises in computational linguistics for estimating the total vocabulary of a language. Given two independent samples, the overlap between their vocabularies enables a useful estimate of how many more vocabulary items exist but did not happen to show up in either sample. A similar example involves estimating the number of typographical errors remaining in a text, from two proofreaders' counts.

Formulation [ edit ]

The Lincoln Index formalizes this phenomenon. If E1 and E2 are the number of species (or words, or other phenomena) observed by two independent methods, and S is the number of observations in common, then the Lincoln Index is simply

L = E 1 E 2 S . {displaystyle L={E_{1}E_{2} over S}.}

How to know if you're rich?
How to know if you're rich?

Respondents to Schwab's 2021 Modern Wealth Survey said a net worth of $1.9 million qualifies a person as wealthy. The average net worth of U.S....

Read More »
What are the 10 secrets of success?
What are the 10 secrets of success?

10 Secrets of Successful People 1) Successful People Take risks. ... 2) Successful People Possess Unwavering Self Belief. ... 3) They Don't Care...

Read More »

For values of S < 10, this estimate is rough, and becomes extremely rough for values of S < 5. In the case where S = 0 (that is, there is no overlap at all) the Lincoln Index is formally undefined. This can arise if the observers only find a small percentage of the actual species (perhaps by not looking hard enough or long enough), if the observers are using methods that are not statistically independent (for example if one looks only for large creatures and the other only for small), or in other circumstances.

Limitations [ edit ]

The Lincoln Index is merely an estimate. For example, the species in a given area could tend to be either very common or very rare, or tend to be either very hard or very easy to see.[3] Then it would be likely that both observers would find a large share of the common species, and that both observers would miss a large share of the rare ones. Such distributions would throw off the consequent estimate. However, such distributions are unusual for natural phenomena, as suggested by Zipf's Law). T. J. Gaskell and B. J. George propose an enhancement of the Lincoln Index that claims to reduce bias.[4]

See also [ edit ]

Further reading [ edit ]

Lincoln, Frederick C. (May 1930). Calculating Waterfowl Abundance on the Basis of Banding Returns . Circular. Vol. 118. Washington, DC: United States Department of Agriculture . Petersen, C. G. J. (1896). "The Yearly Immigration of Young Plaice Into the Limfjord From the German Sea", Report of the Danish Biological Station (1895) , 6, 5–84. , 6, 5–84. T. J. Gaskell; B. J. George (1972). "A Bayesian Modification of the Lincoln Index". Journal of Applied Ecology. 9 (2): 377–384. doi:10.2307/2402438.

en.wikipedia.org - Lincoln index - Wikipedia
When was the last 1943 copper penny found?
When was the last 1943 copper penny found?

1943 copper cent Examples were discovered after the War, with the first two in 1947, and another in 1958.

Read More »
What is the Rule of 72 in real estate?
What is the Rule of 72 in real estate?

The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »
What is an example of wealth?
What is an example of wealth?

Wealth is an individual's or household's net worth, which consists of assets such as money in savings and investment accounts minus debts like...

Read More »
Awaken your dormant DNA ability to attract wealth effortlessly
Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »
What smell did the Prophet like?
What smell did the Prophet like?

A type of aloe wood that gives perhaps the best smell is known in Arabia as the Oud, and Ayesha reports: “The Oud was the best type of perfume the...

Read More »