Quotes About Normal Distribution

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“The distribution of the market is fat-tailed relative to the normal distribution ... For passive investors, none of this matters, beyond being aware that outlier returns are more common than would be expected if return distributions were normal.”
— Eugene Fama —

“Darwin did not know what a bitter satire he wrote on mankind ... when he showed that free competition, the struggle for existence, which the economists celebrate as the highest historical achievement, is the normal state of the animal kingdom. Only conscious organization of social production, in which production and distribution are carried on in a planned way, can lift mankind above the rest of the animal.”

— Friedrick Engels

“If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.”

— Nassim Nicholas Taleb

“Alongside of the physical symptoms of hysteria, a number of psychical disturbances are to be observed, in which at some future time the changes characteristic of hysteria will no doubt be found but the analysis of which has hitherto scarcely been begun. These are changes in the passage and in the association of ideas, inhibitions of the activity of the will, magnification and suppression of feelings, etc.
which may be summarized as "changes in the normal distribution over the nervous system of the stable amounts of excitation".”

— Sigmund Freud

“If we construct an economy where quantities are controlled, based on the belief there is never enough for all, then we must compete to determine the winners. We begin this with grades in the first grade. There is the presumption that competition is essential and so there must be a normal distribution of grades. All students cannot receive high marks. If I get an A, someone in the class must perform poorly. It is an early lesson in how the marketplace ideology works. In a community organized around abundance, competition will occur, but it is not built into the system as a core design element. In a neighborly culture, the abundance of resources becomes the design element”

— Walter Brueggemann

— Eugene Fama

“The normal Hollywood approach is to have a super-charged production company and then go to the studios for distribution and marketing.”

— Robert Simonds

“The normal curve is a distribution most appropriate to chance and random activity. Education is a purposeful activity and we seek to have students learn what we would teach. Therefore, if we are effective, the distribution of grades will be anything but a normal curve. In fact, a normal curve is evidence of our failure to teach.”

— Benjamin Bloom

“Conclusions
I. A curve has been found representing the frequency distribution of standard deviations of samples drawn from a normal population.
II. A curve has been found representing the frequency distribution of values of the means of such samples, when these values are measured from the mean of the population in terms of the standard deviation of the sample ...
III. Tables are given by which it can be judged whether a series of experiments, however short, have given a result which conforms to any required standard of accuracy or whether it is necessary to continue the investigation.”

— William Sealy Gosset

“Most people are average. Founders are not. Founders' traits seem to have an inverse normal distribution to them.”

— Peter Thiel