“What about endogeneity?”

Ask this question often.


Several times a day, at least.


Endogeneity is a fancy term for confusing cause and effect. For not being clear about causation and correlation.


It's one reason why smart people make so many mistakes. We think A leads to B, so more A gets more B. While A and B may have been related in the past, though, it's not at all clear that improving A is going to do anything about B.


There is, for example, an extraordinarily high correlation between per capita cheese consumption and the risk of being strangled by your bedsheets while you sleep:


Chart


That doesn't mean that eating less cheese is going to help you not die in bed.



            
1 like ·   •  0 comments  •  flag
Share on Twitter
Published on May 25, 2017 01:55
No comments have been added yet.


Seth Godin's Blog

Seth Godin
Seth Godin isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Seth Godin's blog with rss.