This is a classic correlation/causation problem. The first thing you learn in any Statistics class is that 'correlation is not always causation'. Of course, this rule is more or less universally broken by educated people all of time. Does having rich friends make a person more successful or does it just correlate with greater success? Wh…
This is a classic correlation/causation problem. The first thing you learn in any Statistics class is that 'correlation is not always causation'. Of course, this rule is more or less universally broken by educated people all of time. Does having rich friends make a person more successful or does it just correlate with greater success? Who knows? Does Raj Chetty know? Does this article answer the question? No.
This is a classic correlation/causation problem. The first thing you learn in any Statistics class is that 'correlation is not always causation'. Of course, this rule is more or less universally broken by educated people all of time. Does having rich friends make a person more successful or does it just correlate with greater success? Who knows? Does Raj Chetty know? Does this article answer the question? No.