Showing posts with label business insider. Show all posts
Showing posts with label business insider. Show all posts

Friday, May 10, 2013

Pier reviewed


On a serious note, the corruption of science by conclusions favorable to the powerful continues.

Update: If you want details, see Business Insider.
First, Reinhart and Rogoff selectively exclude years of high debt and average growth. Second, they use a debatable method to weight the countries. Third, there also appears to be a coding error that excludes high-debt and average-growth countries. All three bias in favor of their result, and without them you don't get their controversial result.