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S4E3: How even facts can mislead you with money - Finance Professor Alex Edmans
Making Money
Honesty in Reporting Findings
One should only report statistically significant results and not mix them with insignificant findings, as the latter could be attributed to chance. Being transparent by showing all results from multiple tests may seem honest, but it could be misleading due to the high number of tests conducted. The speaker acknowledged the disappointment when results didn't support the desired outcome, leading to moving on to different projects. The story highlights the issue of data mining where selective analysis or unconventional methodologies can lead to misleading conclusions.
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