How the Normal Distribution Keeps Crashing The Global Financial System
<p>What is normal? Normal is conforming to a standard; usual, typical, expected. And what could be more normal than the humble normal distribution?</p>
<p>The normal distribution, also called Gaussian distribution after German mathematician Carl Friedrich Gauss (the Duke of Mathematicians) is everywhere, from the social sciences to the natural sciences to machine learning.</p>
<p>So it was only natural for Charles S. Peirce, writing in the late 19th century, to call it normal, referring to its widespread use and usefulness.</p>
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