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Denis Rushworth's avatar

Mr. Pielke, you may be interested in a website titled Spurious Correlations at https://tylervigen.com/spurious-correlations. They have come up with 5,901 such correlations the latest titled "US Household Spending on Fresh Fruit correlates with Canadian National Railway Stock Price" with an r2 of 0.972. They prove your point 5,901 times.

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Sea Sentry's avatar

I had a childhood friend who cold called for Lehman Bros. In the 1980’s. He would call a list of people and make an aggressive investment prognostication. Then he would call another list and make the OPPOSITE forecast. One of the forecasts was bound to be correct, and he would call back that list and sign them up as clients based on their confirmed perception of his “insights”. Unethical, yes. But it worked.

A more sophisticated approach was that used by Bernie Madoff. Falsify data and present it as fact. In recent years, unfortunately, a few influential scientists have used this latter approach.

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