Exploring the Relationship Between Correlation and Causation

In this episode, Xavier Bonilla has a dialogue with Alex Edmans about misinformation and the role of human biases. They discuss how to look at data, confirmation bias, statements not facts, facts not data, and the value and limits of the scientific method. They also discuss data mining and ethics with stats, correlation not being causation, data with social issues, and many more topics.

Alex Edmans is Professor of Professor of Finance at London Business School. He has a degree from Oxford University and a PhD in Finance from MIT Sloan as a Fulbright Scholar. Prior to teaching at LBS, he taught at Wharton and became tenured in 2013. He is a Director of the American Finance Association, Vice President-Elect of the Western Finance Association, Fellow, Director, and Chair of the Ethics Committee of the Financial Management Association, and a Fellow of the Academy of Social Sciences. From 2017-2022, he was Managing Editor of the Review of Finance, the leading academic finance journal in Europe. 

Alex’s research interests are in corporate finance, responsible business and behavioral finance.  He is a Director of the American Finance Association, Vice President-Elect of the Western Finance Association, Fellow, Director, and Chair of the Ethics Committee of the Financial Management Association, and a Fellow of the Academy of Social Sciences. From 2017-2022 he was Managing Editor of the Review of Finance, the leading academic finance journal in Europe. 

Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, presented to the World Bank Board of Directors as part of the Distinguished Speaker Series, and given the TED talk What to Trust in a Post-Truth World and the TEDx talks The Pie-Growing Mindset and The Social Responsibility of Business. He has written for the Wall Street Journal, Financial Times, Harvard Business Review and World Economic Forum and been interviewed by Bloomberg, BBC, CNBC, CNN, ESPN, Fox, ITV, NPR, Reuters, Sky News, and Sky Sports. He is the author of the latest book, May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases – And What We Can Do About It.

Website: https://alexedmans.com/