In an insightful post on the Freakonomics blog last week, economist Steven Levitt, co-author of Freakonomics, dissects a report that claims pesticides found in the water in Indiana have resulted in the poor performance of students on standardized tests if those students were conceived between June and August, when pesticides are at their highest levels.
Levitt argues that the authors of the research paper did not consider the fact that children born during those months might be relatively young for their grades, which could affect their performance on the tests.
Perception is often reality in the stock market, and if people have begun to worry about pesticides seeping into the water in the U.S., then it's time to start looking at the clean-water stocks. ...
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