%0 Conference Paper %A Leptokaropoulos, Konstantinos Michail %A Adamaki, Aggeliki K. %A Institute of Geophysics, Polish Academy of Sciences, Warsaw, Poland, %A Department of Earth Sciences, Uppsala University, Sweden, %B 7 th EAGE Workshop on Passive Seismic, %C Kraków, Poland %D 2018 %F epos:2064 %T Uncertainty of b-value Estimation in Connection with Magnitude Distribution Properties of Small Data Sets %U https://episodesplatform.eu/eprints/2064/ %X We evaluate the efficiency of the maximum likelihood estimator introduced by Aki (1965), using synthetic datasets exhibiting diverse but well defined properties. The deviation of the b-value estimation from its real value is quantified by Monte Carlo simulations as a function of catalogue features and data properties such as the sample size, the magnitude uncertainties distribution, the round-off interval of reported magnitude values and the magnitude range. Within the objective of this study, algorithms have been compiled for the determination of such observational-theoretical deviations and to facilitate the construction of nomograms corresponding to diverse cases of input parameters. In this way, a more accurate estimation of the uncertainty level for the b-value and MC determination can be achieved, contributing to a more robust seismic hazard assessment, especially at low activity areas and induced seismicity sites. Our results indicate that b-value analysis, especially for small datasets should be carried out together with Magnitude range analysis. Nomograms should be constructed and adjusted to each particular case study in order to achieve a more accurate estimation of the b-value and the corresponding uncertainty.