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Owning an iPhone is the Number-One Way To Guess if You're Rich or Not, Research Finds (businessinsider.com)
An anonymous reader shares a report: In the United States, if you have an Apple iPhone or iPad, it's a strong sign that you make a lot of money. That's one of the takeaways from a new National Bureau of Economic Research working paper from University of Chicago economists Marianne Bertrand and Emir Kamenica. "Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016," the researchers wrote. There are details and caveats to the research, but the economists found that owning an iPhone gave them a 69% chance to correctly infer that the owner was "high-income," which they defined as being in the top quartile of income for households of that type -- like single adult or couple with dependents, for example.
I know a better way: owning a Ferrari is definitely even more precise! I am pretty sure the correlation for Ferrari -> rich is close to 100%.
And on my one person sample (me), it's 100% more accurate since I don't own an iPhone (yuck!) but do have a Ferrari (albeit an old one.)
Black holes occur when God divides by zero.
"no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016,"
Seriously? Owning a Bentley is a worse predictor of being high-income than owning an Apple iPhone? Are we sure there are no further qualifications here?
Attitudes make the difference between Space and Time: we want to MAX our temporal, and MIN our spatial extension.
It seems to me that owning an iPhone shows that you are more concerned about image over function/capability. Which is also a pretty strong indicator of being rich
If you're shopping online with your user agent set as
Mozilla/5.0 (iPhone; CPU iPhone OS 6_0 like Mac OS X) AppleWebKit/536.26 (KHTML, like Gecko) Version/6.0 Mobile/10A5376e Safari/8536.25
You might pay more than someone coming from Firefox or Chrome. This wont impact IE or Edge users as they prefer to shop in person for the most flavorful brand of crayon.
Good people go to bed earlier.
In Europe, it's mainly a sign that you're an obnoxious douche that wants others to think that you earn a lot of money.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Both iphones and Ferraris sometimes only predict that your parents are high income.
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Ferraris, feh. Owning a senator is how to tell if you're rich or not.
Owning a Ferrari is a sign that you are going bald and have a small dick.
It has been that forever.
I live in Europe. I can roam the whole continent and probably a lot further too with the same SIM card.
-- Cheers!
They're talking about wealth - not income. And thanks to the low class mobility in the U.S., the number one way to become rich is to be born to rich parents.
--- Most topics have many sides worth arguing, allow me to take one opposite you.
Owning a Ferrari is a sign that you are going bald and have a small dick. It has been that forever.
Can confirm: Thick hair, big dick, no Ferrari.
I browse on +1 so AC's need not respond, I won't see it.
This is actually a serious philosophical question - the Raven paradox.
Let's say you want to prove a statement like "All ravens are black". This statement is logically equivalent to saying "If something is not black, it's not a raven."
Now let's say you find an apple, and it's green. That is a non-black object, which is not a raven. So the existence of a green apple is evidence in favor of the second statement ("If something is not black, it's not a raven"), which in turn supports the first statement.
But how can finding a green apple teach you something about ravens?
See above link for attempted resolutions.