The rooster thinks he summons the sun because the sunrise always follows his crow. Correlation, at its worst, is a very confident rooster. For decades, our data economy has run on the same illusion: ...
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Over the past year, courts have heavily scrutinized claims against crypto platforms for fraud or terrorism, often dismissing them due to lack of concrete causation. Plaintiffs need clear, detailed ...
Depressed people send more email. They spend more time on Gchat. Researchers at the Missouri University of Science and Technology recently assessed some college students for signs of melancholia then ...
Paul Kaplan: Quoting Benjamin Disraeli, Mark Twain famously quipped, "There are three kinds of lies: lies, damned lies, and statistics." In the field of investments, in which we rely heavily on ...
Most of us have heard the phrase “correlation does not equal causation”. But understanding how scientists move beyond identifying correlations to establish causation remains a mystery to many. Finding ...
In the first quarter of 2013, the stock of big data has experienced sudden declines followed by sporadic bouts of enthusiasm. The volatility—a new big data “V”—continues this month and Ted Cuzzillo ...
Correlation doesn't imply causation. You've probably heard that before. It's a true statement that's important in statistical analysis—if more tall people own cats, that doesn't mean that cats cause ...
The most powerful weapon that debaters wield against the unwary is causation: marijuana use leads to heroin addiction, pornography to rape, video games to mass murder, high consumption of margarine to ...