Keanu Reeves, Simpson's Paradox, Nicolas Cage, and Econometrics? Four Analytical Insights for Antitrust Counsel
16 Pages Posted: 21 May 2020 Last revised: 23 Apr 2022
Date Written: December 20, 2020
Has acting made you a better person? Keanu Reeves was asked that question on his promotional tour for John Wick Chapter 2. Interestingly, his (struggling to) answer tells us a lot about the type of challenges we face in antitrust analysis.
Using a series of everyday life examples, analogies, and with help from Keanu Reeves, Julius Caesar, and Nicolas Cage, I discuss four powerful insights in statistics and econometrics that antitrust practitioners can learn and apply, all without any deep understanding of the underlying mathematics. My goal is to convince the readers that you do not need an advanced degree in economics or statistics to become more than dangerous when it comes to econometric analysis in the antitrust domain.
Keywords: Antitrust, Causal Inference, Data Mining, Damages, Econometrics, Predictive Modeling, Regression, Simpson's Paradox
JEL Classification: A20, C01
Suggested Citation: Suggested Citation