The Luminosity Function, φ(Mv) [10-3 stars pc-3 per unit absolute magnitude interval]
Derived from a list of the 100 brightest stars in Allen's Astrophysical Quantities.  Completeness is assumed for mV  < 2.59.
Av = 0 has been assumed (not a good assumption).  Each spectroscopic binary has been counted as a single star.

Mv φ(Mv)   Mv φ(Mv)   Mv φ(Mv)
-8.0 -   -3.5 0.0006 62   1.0 0.345
-7.5 0.0000 0074   -3.0 0.0011 62   1.5 0.291
-7.0 0.0000 0294   -2.5 0.0020 0   2.0 0.423
-6.5 0.0000 0502   -2.0 0.0031 5   2.5 0.422
-6.0 0.0000 0504   -1.5 0.0042 0   3.0 0.421
-5.5 0.0000 0501   -1.0 0.0201   3.5 -
-5.0 0.0000 733   -0.5 0.0702   4.0 1.67
-4.5 0.0001 86*   0.0 0.130   4.5 3.34**
-4.0 0.0002 65   0.5 0.246   5.0 -

        Notable Conclusions from the above Table          
    (1) This sample is representative of the "naked-eye" stars (or even the stars seen in a telescope brighter than mL).
    (2)
This approach gives one the bright end of the luminosity function compared with the faint end for the previous approach.
    (3) In principle this approach is easier than the previous one.  However the absorption correction makes things difficult.  Such a correction
          makes
φ(Mv) larger since it reduces the volume searched.
    (4) The variation in effective volume with Mv is extreme, e.g., even though there are 14 stars in the sample with Mv between -4 and -5 and only
          one with Mv between +4 and +5, φ(4.5)
» 18,000 φ(-4.5) because the volume searched is nearly 250 000 times smaller  (r is ~63 times
          smaller).  It is this decreasing volume with increasing Mv which causes the sample to be statistically inadequate for determining the faint
          end of
φ(Mv) for any sort of reasonable limiting magnitude mL.
    (5) Because of the huge volume surveyed at bright Mv, the extremely rare stars with Mv = -6 or -7 make up a substantial fraction (10%-20%) of
         the stars in the catalog.
    (6) Because very bright stars are rare and therefore generally very distant, they are often affected by significant absorption.
    (7)
ò φ(Mv) dMv » 0.0037 stars pc-3.
    (8) Only 7 stars are common to both the lists of 100 nearest stars and 100 brightest stars.