Decision Science News has posted before on Zhao, Lynch, and Chen’s practical article on mediation analysis. John Lynch has written the following, re-emphasizing the article’s main points:
This week, two fun Econ-Finance papers. First is Steven Levitt and Thomas Miles’ analysis of whether poker is a game of skill. Next the famous Fama-French duo ask the same question of mutual fund management.
Decision Science News readers know about Hal Hershfield and Dan Goldstein’s experiments in which they exposed people to interactive images of their future self to see how it would impact their saving behavior (pictured above).
The idea was sent up in three Saturday Night Live fake commercials for Lincoln Financial. The SNL interactions with the future self were a lot more awkward than ours, but maybe that’s a good thing for changing behavior?
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Benford’s law is an amazing thing. If you know the probability distribution that classes of “natural” numbers should have, you can detect where people might be faking data: phony tax returns, bogus scientific studies, etc.
