The Great Curve
The world moves on a woman’s hips, says David Byrne, or maybe it was the Weymouths but we know what they are talking about. That taper, swell and taper is hypnotic, notoriously it is used in advertising and product design to subliminally trip primordial triggers. Is it no more than vestigal reproductive instincts? Science seems to demonstrate this geometric construct to be nearly a bedrock of reality; not quite as solid as the speed of light but close enough to earn the name Normal or Standard Deviation.
And it isn’t just solar intensity or SAT scores that follow this template. Like so many other aspects of finance and economics, a Standard Deviation is historically demonstrated in the relationship between tax rates and tax revenues. [Read more →]