The Super Bowl Indicator: A Lesson on Correlation Versus Causation

Correlation does NOT imply causation

Photo by Grant Thomas on Unsplash

Years ago in my Investments course, I got my students excited about an attractive investment strategy. (Spoiler alert: If you know me, you know I don’t give investment advice, and so this was a set-up.) I told them about some fascinating research that was recently published in the…