IFA.tv - From Chaos to Order on the Galton Machine -- Representing the Returns of Capitalism

[mphello]

This model is a TERRIBLE model of real-world economic events.

It fails miserably to predict events such as outright multitrillion-dollar fraud by Goldman Sachs, JP Morgan, Citibank, Bank of America, the Fed's QE1,2,3,..., catastrophic events such as war for oil, war for water.

Ironic and hypocritical the way economists criticize climate scientists, who have been INFINITELY more accurate with THEIR models of anthropogenic global warming (AGW).

[martin622292]

Right Martin . . . the curve is a symbol of balance: 50:50 (statistically 0.5:0.5). But of more relevance here is the Galton Board's similarity with the Pythagorean Tetractys. The Pythagoreans' most important religious symbol was the first three lines of the Galton Board. The fact that it consisted of ten points is consistent with the area under the curve. We see the same symbol today used in ten-pin bowling . . . and hidden in that game: the rest of the story.

[martin622292]

"And we shall build Jerusalem . . ." - the holy mountain - the law of averages - Atlantis - the Lark of the Oven Mitt . . .

[StylishCookie]

which music is being played during the video?

[CsPenguino]

@StylishCookie star trek

[CsPenguino]

@StylishCookie Enterprising Young Men - Star Trek Movie



[IndexFundsAdvisors]

From Francis Galton, "I know of scarcely anything so apt to impress the imagination as the wonderful form of cosmic order expressed by the law of error. The huger the mob and the greater the anarchy, the more perfect is its sway. Let a large sample of chaotic elements be taken and marshalled in order of their magnitudes, and then, however wildly irregular they appeared, an unexpected and most beautiful form of regularity proves to have been present all along."

Mark Hebner

[hedleypanama]

Ehrr, the Gaussian curve is no "order"