Reading Blitzstein and Hwang’s introduction to probability http://probabilitybook.net (really good so far!).
On page 172, they discuss why $E[|X-E[X]|$ isn’t used as the definition of variance. They mention that a primary reason is that the absolute value function isn’t differentiable at zero whereas the squaring function is differentiable everywhere.
In my adventures so far, I’m yet to encounter an instance where one needs to be able to differentiate the variance of X.
When is it useful to be able to differentiate Var(X) and what does it mean to differentiate the variance?
My guess-from-the-hip is that one might want to minimise/maximise variance?
Thanks in advance :)