Sublime
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Laplace continued his research throughout France’s political upheavals. In 1810 he announced the central limit theorem, one of the great scientific and statistical discoveries of all time. It asserts that, with some exceptions, any average of a large number of similar terms will have a normal, bell-shaped distribution.
Sharon Bertsch McGrayne • The Theory That Would Not Die: How Bayes' Rule Cracked the Enigma Code, Hunted Down Russian Submarines, and Emerged Triumphant from Two Centuries of Controversy
Research/Learning
Lindsey Chapman • 2 cards
For k = 5, you have a 23% probability of seeing something statistically significant. For k = 10, that probability rises to 40%.
Ya Xu • Trustworthy Online Controlled Experiments: A Practical Guide to A/B Testing
Log-normal is the new normal
Notes on the log-normal distribution in society and nature
Frank Hecker • 5 cards
Inspired by these events, John quickly developed a theory for how leverage causes booms and busts. He did this in 2000, eight years before the 2008 financial crisis.6 Whereas Minsky simply presented the idea that waves of investor pessimism and optimism could influence borrowing and possibly cause a crash, John’s mathematical theory linked
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