Friday, December 5, 2014

STATISTICALLY PROVEN: Watch More Porn, If You Want to Make More Money

Business Insider's Sara Silverstein has put together a video of "6 compelling correlations that make absolutely no sense." Remember correlation does not imply causation.

The video is here. It is another way of saying that almost all econometricians spend most of their time on absurd incorrect analytical method.

As Ludwig von Mises put it:
As a method of economic analysis econometrics is childish play with figures that does not contribute anything to the elucidation of the problems of economic reality. -The Ultimate Foundation of Economic Science: An Essay on Method

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