4 ms·
This is exactly what NNT tries to explain in Blackswan with his argument against the bell curve (in favour of Power law) a bell curve or assumed normal distribu
by amrrs 9y ago
This is exactly what NNT tries to explain in Blackswan with his argument against the bell curve (in favour of Power law) a bell curve or assumed normal distribution would put 99% of the consumer base with +-2 standard deviation which is not the case in reality
- make3 9y agoit's probably just a log normal distribution, meaning that the result is a product of normal factors, not a sum. Afaik this is one of the most used models in statistics, because the central limit theorem still applies, just with sums of logged random variables instead of just sums