Many people have heard that the stock market rises when a team from the National Football Conference (NFC) wins the Super Bowl, and falls when a team from the American Football Conference (AFC) is victorious.If you conclude that there is a causal relationship between the outcome of the Super Bowl and stock prices, you probably are:

Question

Quizplus · Accepted Answer

Just because two variables are correlated (i.e. they tend to move together), it does not necessarily mean that one causes the other. In this case, it is highly unlikely that the outcome of a football game has any real impact on the stock market. Therefore, concluding that there is a causal relationship between the two based on a correlation is a classic example of confusing correlation with causation.

Many People Have Heard That the Stock Market Rises When