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I’m somewhat sceptical about this result, and the way it’s presented. Plotting income on a log scale obscures the fundamental point here, which is that each add
by gmac 2y ago
I’m somewhat sceptical about this result, and the way it’s presented. Plotting income on a log scale obscures the fundamental point here, which is that each additional dollar matters less and less as you have more and more. And even if the line does keep going up against log income, this might be a US-specific thing.
- Incipient 2y agoThe result is no less valid with a log scale. It's very typical to determine a linear regression on a log scale. It's a paper aimed at those capable of understanding statistics and analysis. It's assumed that the reader is sufficiently educated to understand the implications of a log scale. If that assumption is out, the rest of the article is going to be meaningless to the reader too. The article does say it has a US sample space too. I didn't read too much into it, for the more detailed conclusions, however from a skim read the high level conclusion "richer people are more likely to happier" is correlated within the given income bracket.