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Archive for the ‘problem of induction’ Tag

6 Figures at 28, Leveraged portfolios & causation @ The RoundUp

Saturday, 14 November 2009, 5:39 | Economics | 0 Comment
by Numan

The better posts from fellow bloggers this past week include: The Financial Fallacy of Patterns, Causation & Correlation @ The Financial Philosopher Great post. The problem with patterns runs even deeper. Even if a pattern has been spotted it says nothing as to the related causality. Correlation is the bane of many of the social […]

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On Causality and Correlation in Economics

Saturday, 18 April 2009, 4:07 | Economics, Philosophy | 0 Comment
by Numan

Causality is perhaps the most fundamental element of empirical evidence available to economists. However, it is also the source of many misconceptions due to its elusive nature. There are some things we take for granted. The relationship between cause and effect is so deeply rooted in us we sometimes forget they are merely a result […]

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