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Bridge over ocean
1 September 1997 Financial Analysts Journal Volume 53, Issue 5

Three Classic Errors in Statistics, from Baseball to Investment Research

  1. Ronald N. Kahn

Three classic errors—involving the “lunatic fringe,” data redlining, and burying mistakes—cloud our ability to interpret statistical arguments across many disparate fields. Identifying and understanding these errors clarifies arguments from baseball to investment research.

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