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> While the evidence for this has been mostly anecdotal, a study published in 2017 by the National Business Aviation Association, the industry’s D.C.–based advo
by StavrosK 7y ago
> While the evidence for this has been mostly anecdotal, a study published in 2017 by the National Business Aviation Association, the industry’s D.C.–based advocacy group, drew a correlation between companies in the S&P 500 that deploy business aircraft versus those that don’t; the users outperformed non-users by 70 percent.
AKA the higher-performing companies could afford private jets. What is up with this spurious assumption of causation?
- Someone1234 7y agoThe entire article's tone is about promoting private jet travel as a good thing, hardly surprising.
- some_random 7y agoHave you read the study? How do you know that they didn't control for this? Seems like a pretty spurious assumption.
- phreeza 7y agoYou can't control for your dependent variable.
- StavrosK 7y agoThe article says "the study found a correlation" and then promotes it to an assumption. One of their two sentences is wrong.
- some_random 7y agoI mean the "higher-performing companies" part, I would assume any SP500 can buy a private jet if it chooses. Yeah, the article's obviously wrong.