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Tag Archive | "media"

Dow Slips Below 12k on Whatever Random News

Wednesday, June 18, 2008

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We got a round of the correlation game started this afternoon, but it went nowhere fast: either headline writers are getting smarter, or today’s action is just too tenuous even for them! We realize we’ve never codified the rules of this game before, so: Get your officemates or pals together, and visit the financial homepage of any mainstream media outlet. Y! Finance, Bloomberg, even CNN Money will do. Scan the top headline. If the headline makes a dubious assumption about causation, everyone take a…

The Correlation Game

Friday, April 25, 2008

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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 q”)…

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