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The ‘con’ in econometrics made visible

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Ed Leamer’s brilliant paper, Let’s Take the Con out of Econometrics [2] makes the point that classical statistical tests don’t hold when you go on a fishing expedition. This equally brilliant comic strip [3] from xkcd makes the point with elegance. The tip is from John Allen Paulos [4] who reminds the reader to count the number of tests.

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