OVB

I kind of want to start a blog called 'omitted variable bias' which looks at all the ways in which, before any analysis of a situation occurs, people have already made assumptions about the causes which lead to everything they say being wrong.

Nikki commented:

I live it everyday, my friend... oh, wait, I take that back... it's all going swimmingly.

on Thu Feb 24 23:22:25 2011
David commented:

LOL - isn't it always going, just exactly, swimmingly!

on Thu Feb 24 23:51:40 2011
Lisa Dugdale commented:

It's not just assumptions about causes, but just plain assumptions based on existing conditions. For instance... stock prices will always continue to rise, gas prices might go up a bit but not much, and the favorite one until recently - investing in real estate is a safe investment that will give you a great return (aka 'home prices will continue to rise'.)

on Sat Feb 26 15:48:56 2011

Add a Comment
Back to the Blog
Share