6min chapter

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THINKING, FAST & SLOW (DANIEL KAHNEMAN) - Listening books

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CHAPTER

The Correlation Between Two Measures

correlation and regression are not two concepts, but different perspectives on the same concept. Any factor that influences one measure also influences the other; 100% of determinants are shared. Francis Galton: Whenever the correlation between two scores is imperfect, there will be a regression to the mean. Our mind is strongly biased toward causal explanations and does not deal well with mere statistics.

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