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> Where did Norton find his rich people? For that particular study, an investment bank connected him with some of its high-net-worth clients. But Norton also to
by brazzy 8y ago
> Where did Norton find his rich people? For that particular study, an investment bank connected him with some of its high-net-worth clients. But Norton also told me that he had previously consulted with a pool of Dutch millionaires willing to respond to researchers’ questions
Sounds like that would impose a pretty hefty sampling bias.
I'm fairly sure there is a large pool of people who are very quite and quite happy with the money they have, enabling them to focus on doing things they love.
But such people probably won't show up in this survey.
- hudibras 8y ago>Dutch millionaires willing to respond to researchers’ questions The researchers didn't tell them what the questions were about ahead of time.
- hycaria 8y agoAnd ? Maybe people prone to answering a survey from researchers have other behavioral similarities and thus make the sampling is biased.