The Correlation Game
A fun game on a slow Friday afternoon: take the front page headline on Yahoo Finance, and perform some desirable action if the headline makes a dubious assumption about causation. Move to the next headline, and repeat. We were going to suggest this as a drinking game, but we don’t want everyone drunk before the market’s even closed. Felix Salmon makes this point well. Financial journalists, for whatever reason, constantly report on correlated events (“Today, p occurred after news that…
Friday, April 25, 2008
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