(This is Part III for a multi-part series on “Logarithmic Distribution of Returns”. Read Part I HERE and Part II HERE.) I come across the flaw of averages in reporting quite a bit. Take my article on MoviePass. The CEO said in an interview with The Indicator that the “average MoviePass customer sees 1.7 movies per month”. If you read my articles from a few weeks back explaining distributions—and I ... Read MoreThe Most Important Shape in Entertainment Part III: The Examples| Entertainment Strategy Guy
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