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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Rational Academic. What’s Left of the Sound Left?!‏ @Aya62335284 1 Aug 2020
      Replying to @arthur_affect @XFitNYC @perdricof

      I said nothing about rounding up or down, just rounding. But in fact rounding up has been a problem. And then you speak of qualifications...! Quite the multilayered gaslighting operation you've got going. One quick example for your reference:https://www.cnbc.com/2018/06/22/sec-investigates-whether-companies-round-up-earnings.html …

      2 replies 0 retweets 1 like
    2. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @Aya62335284 @XFitNYC @perdricof

      Well that's a fun fact I didn't know, and that I kind of doubt you knew until you googled it just now to own me What of it

      3 replies 1 retweet 7 likes
    3. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @arthur_affect @Aya62335284 and

      Note that this fun paper - which is indeed a cool paper - jokes about the term "quadrophobia", fear of the number four It is arguing that earnings reports improperly round up rather than down when the digit in question is 4, rather than 5 or higher

      1 reply 1 retweet 12 likes
    4. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @arthur_affect @Aya62335284 and

      It does NOT say that the SEC should ban the concept of rounding altogether in earnings reports and they should be printed with as many significant digits as the paper will hold Because that's absurd

      2 replies 1 retweet 11 likes
    5. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @arthur_affect @Aya62335284 and

      They're also not directly cheating anyone out of any money, this is a story about companies subjectively creating a more positive impression of themselves than they should in order to appeal to investors

      2 replies 1 retweet 9 likes
    6. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @arthur_affect @Aya62335284 and

      Everything about this story is a *demonstration* of what I mean when talking about "fuzzy math" Including the fact that actually punishing companies for "quadrophobia" is likely impossible because the amounts are so small for each instance - fractions of a cent - but add up

      1 reply 1 retweet 7 likes
    7. Rational Academic. What’s Left of the Sound Left?!‏ @Aya62335284 1 Aug 2020
      Replying to @arthur_affect @XFitNYC @perdricof

      Manipulation of rounding has consequences on Wall Street and elsewhere. Another piece for your reading pleasure. It's quite short. A nice little quote for ya: "Rounding necessarily results in a reduction of precision and the technique used can bias data when applied repeatedly.

      1 reply 0 retweets 0 likes
    8. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @Aya62335284 @XFitNYC @perdricof

      Yes, and it's an issue because rounding is inevitable and necessary It's exactly what I was talking about when I said "Sometimes 2+2=5" ("Both of these are two pounds, what's the big deal" "PUT THEM BOTH ON THE SCALE TOGETHER AND WE'LL SEE")

      1 reply 1 retweet 12 likes
    9. Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @arthur_affect @Aya62335284 and

      I can't believe your takeaway from everything I said is that "rounding is bad" and somehow I am a "supporter of rounding"

      3 replies 1 retweet 15 likes
    10. Rational Academic. What’s Left of the Sound Left?!‏ @Aya62335284 1 Aug 2020
      Replying to @arthur_affect @XFitNYC @perdricof

      ... I meant to include the article with that earlier quote. (https://www.natlawreview.com/article/why-round-when-truncating-so-much-easier …) Do see the other article I've posted for you as well. You're confused about the ways rounding can be manipulated fraudulently, or you're pretending to be. Relevant to this whole conversation.

      2 replies 0 retweets 0 likes
      Arthur Chu‏Verified account @arthur_affect 1 Aug 2020
      Replying to @Aya62335284 @XFitNYC @perdricof

      This article is about how truncating vs rounding is a CHOICE, and one that can lead to better or worse results, depending on what you want Yeah sure I'll always prefer truncating (so "2+2=4" is always true) if I'm buying the meat being weighed Not so much if I'm selling it

      3:26 PM - 1 Aug 2020
      • 1 Retweet
      • 6 Likes
      • a catherine scorned dr thette, wearing a mask (they/them) Harry Hop Ollie Hood phyphor direct antistate stimulation Arthur Chu
      1 reply 1 retweet 6 likes
        1. New conversation
        2. Rational Academic. What’s Left of the Sound Left?!‏ @Aya62335284 1 Aug 2020
          Replying to @arthur_affect @XFitNYC @perdricof

          The link and my comment the story in that link were disconnected. My comment on that link:

          1 reply 0 retweets 0 likes
        3. Rational Academic. What’s Left of the Sound Left?!‏ @Aya62335284 1 Aug 2020
          Replying to @Aya62335284 @arthur_affect and

          Manipulation of rounding has consequences on Wall Street and elsewhere. Another piece for your reading pleasure. It's quite short. A nice little quote for ya: "Rounding necessarily results in a reduction of precision and the technique used can bias data when applied repeatedly."

          2 replies 0 retweets 0 likes
        4. Show replies

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