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> "This thesis doesn't fall apart on basic scrutiny" is the entirety of its point The thesis DOES fall apart on basic scrutiny. The chart represents the entire
by ebg13 7y ago
> "This thesis doesn't fall apart on basic scrutiny" is the entirety of its point
The thesis DOES fall apart on basic scrutiny. The chart represents the entirety of the exploration, and the chart doesn't support shit. Minus the outliers, the chart presents a conclusion entirely different from the author's.
- JumpCrisscross 7y ago> The thesis DOES fall apart on basic scrutiny Based on what? To be serious for a moment, it has been repeatedly found that "prospectus conservatism is positively related to underpricing, with the relation more pronounced for technology than nontechnology firms" [1]. While the ability for "prospectus conservatism...to predict the firm’s post-IPO operating performance" has historically been limited to non-tech IPOs, it's plausible for that effect to now incorporate all IPOs. > the chart doesn't support shit The chart's underlying "data" are shit. It's "guy rates mission statements." It's a joke. (Or maybe it's not. Bullshit isn't something one can objectively measure. It's dependent on context and the specifics of the observer.) [1] https://www.researchgate.net/profile/Grace_Hao/publication/255728167_The_Effect_of_Issuer_Conservatism_on_IPO_Pricing_and_Performance/links/5bc63fbb92851cae21a85a99/The-Effect-of-Issuer-Conservatism-on-IPO-Pricing-and-Performance.pdf https://www.researchgate.net/profile/Grace_Hao/publication/2...
- ebg13 7y agoThat's a fair response. I've given you an up triangle.
- inimino 7y agoTotally apart from the fact that it's a joke- As the one jumping up and down about statistics here, you should know that "The data does not exclude the null hypothesis" and "The thesis falls apart (hypothesis is invalidated)" are two very different things.