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sbensu: High Variance Management

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There is a math supplement to this post where I build some intuition on the different probability distributions involved. If you are interested, read that later.Why variance matters

sbensu: High Variance Management High Variance Management January 2023 There is a math supplement to this post where I build some intuition on the different probability distributions involved. If you are interested, read that later. Why variance matters On Broadway, actors put on a great show eight times a week consistently . If a dancer actually breaks a leg the play has to stop. So, when Sue, the best dancer in the play, suggests adding a risky-but-awesome jump, the choreographer says no. It doesn’t matter how impressive the jump is if she gets it wrong half of the time. Changes that improve

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