7. You decide to run an experiment. You invite 50 friends to a party. You randomly select...

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7. You decide to run an experiment. You invite 50 friends to a party. You randomly select 25 friends and tell them that there will be free food; most of them show up to your party. For the other 25 friends you do not mention the free food; none of these friends show up. Based on the correlation in your data, you conclude that free food causes people to come to parties. A buddy points out “be careful, correlation does not imply causation.” How should you respond?

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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