Fig. 2: Widths of distributions of log prices. | Humanities and Social Sciences Communications

Fig. 2: Widths of distributions of log prices.

From: Basic food and drink price distributions transcend time and culture

Fig. 2

Conservative estimates of the width of the distribution of log prices using data from different cultures and continents, covering three thousand years. The light grey band suggests a Goldilocks principle, of neither too much nor too little width. Note that the German hyperinflation data appear as a peak with a height of ~0.3, despite the fact that the underlying log prices increased by about 10.

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