Anyone familiar with basic statistics is familiar with the concept of a bell curve. A bell curve is a visual representation of normal data distribution, in which the median represents the highest ...

Mean-variance analysis is standard practice in many business schools and financial planning programs. You know the drill: take a pool of randomly selected data points such as stock returns measured ...

I can only recognize the occurrence of the normal curve … as a very abnormal phenomenon. — Karl Pearson (1901) Widely believed and rarely questioned is the notion that human characteristics, including ...

Imagine you're at a fair, and you see a booth with a giant dartboard. The booth owner challenges you to hit the bullseye. You take your shot, and the dart lands somewhere on the board. Now imagine ...