Editore"s Note
Tilting at Windmills

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

March 1, 2004
By: Kevin Drum

ARE SENATORS HONEST?....Do senators perform unusually well when they trade in the stock market? Maybe so, according to a study I wrote about last week.

Mark Schmitt has his doubts. After reading the study in question, he suspects problems with a small sample size and wonders exactly what advantage senators are supposed to have anyway. And if they do have an advantage (advance knowledge of legislation, tips from friends, etc.) surely that advantage would be greater the more seniority you have. But the study found that new senators did better.

Beats me. But I thought it would be worthwhile to link to an opposing view since I linked to the original study.

Kevin Drum 11:17 AM Permalink | Trackbacks

Bookmark and Share
 
Comments




 

 

Read Jonathan Rowe remembrance and articles
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

Advertise in WM



buy from Amazon and
support the Monthly