Alternative Parameterization
An alternative parameterization of the logistic distribution, in terms of the variance σ2, can be derived using the substitution . This yields the following density function:
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“It is a secret from nobody that the famous random event is most likely to arise from those parts of the world where the old adage There is no alternative to victory retains a high degree of plausibility.”
—Hannah Arendt (19061975)
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