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by throw0101a 1969 days ago
This new paper actually makes conclusions that are the opposite of what their own data shows:

> Two things to note here. (1) the x-axis is logarithmic. There's a HUGE difference in income between the rightmost points. (2) the y-axis spans a TINY effect size. And TINY / HUGE = EVEN TINIER. 3/7

> A randomly sampled highest-income participant ($480.000) would have lower well-being than a randomly sampled lowest-income participant ($15.000) 25% and 33% of the time for the two outcome measures. Income explains 1.5% and 4% of the variance. 5/7

* https://twitter.com/jonaslindeloev/status/135383426475696537...

* https://lindeloev.net/new-pnas-paper-income-is-a-poor-way-to...