Tails of the Unexpected: "Normality has been an accepted wisdom in economics and finance for a century or more. Yet in real-world systems, nothing could be less normal than normality. Tails should not be unexpected, for they are the rule." An eminently human-readable explanation of why normal models fail to describe the uncertainties of our abnormal world.
[more inside]
posted by ecmendenhall
on Jun 9, 2012 -
19 comments
What does randomness look like?
Random Walk asks this question and presents experiments in mathematics and physics, showing the mysterious interaction of chaos and order in randomness.
via Information Aethetics, obviously.
posted by signal
on May 30, 2009 -
21 comments
Superbad. I'd forgotten what an evil time-waster this site is.
OK, maybe you haven't. Yes, it's a double. But it's an OLD double.
posted by dersins
on Mar 21, 2006 -
37 comments