4 ms·
That's not the law of large numbers.
by joshdickson 11y ago
That's not the law of large numbers.
- wlievens 11y agoThat one's more about returning to the mean, right?
- rdl 11y agoThere are at least two widely used "law of large numbers" -- mean reversion is more popular outside finance, and firm size vs market size is probably more popular within finance.
- joshdickson 11y agoIt is used in both situations, but it very clearly only means the former and the latter is incorrect. "Begs the question" is almost always used incorrectly; that doesn't mean its definition has changed.