Catching Elephant is a theme by Andy Taylor (slightly modified)

 

For Some Firms, a Case of 'Quadrophobia': Study Suggests Companies Tweak Per-Share Earnings to Meet Expectations; 4 Is a Lonely Number

Scott Thrum: “In theory, each digit should appear in the 10ths place 10% of the time. After reviewing nearly 489,000 quarterly results for 22,000 companies from 1980 to 2006, however, the authors found that “4” appeared in the 10ths place only 8.5% of the time. Both “2” and “3” also are underrepresented in the 10ths place; all other digits show up more frequently than expected by chance.” [via Kevin Drum]

  1. wka posted this

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