Partly inspired by @albrgr's tweets, I dug a little more into recent findings on the relationship between air pollution and cognition. The effects seem rather amazingly large: https://patrickcollison.com/pollution .
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Fidelity isn’t based in New York. neither are half of the hedge funds
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Yes, seems odd to me too
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Please remove the stock market correlation paragraph or else I will be forced to start a hedge fund that trades based on NYC pollution levels. Haha.
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Correlation does not equal causation, there are many other common factors that are more likely to be effecting the market that happen to also cause higher pollution, for example Friday might be the highest traffic levels and also the day of the week that traders are most tired.
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the days of the highest traffic are also the days where workers would be most likely to be tired directly due to that traffic and would also cause the pollution to be higher on those days but that doesn't mean the pollution causes them to be tired. this is just one common factor
End of conversation
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