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Spurious correlation #3,676 · View random

A linear line chart with years as the X-axis and two variables on the Y-axis. The first variable is Popularity of the first name Nico and the second variable is Canadian Pacific Railway's stock price (CP).  The chart goes from 2002 to 2022, and the two variables track closely in value over that time. Small Image
Download png
, svg

AI explanation

As the name Nico gained popularity, more parents were subconsciously drawn to anything "CP"-related, including toy trains. This led to a surge in demand for Canadian Pacific Railway toy sets, boosting the company's overall revenue and ultimately delighting investors. It's amazing how a simple name trend could unexpectedly keep the stock chugging along!

Model: dalle-3
Prompt: Generate an image of a bustling train station with a sleek, modern locomotive bearing the Canadian Pacific Railway logo pulling into the platform. Surrounding the locomotive are a group of people engaging in animated discussions, all seemingly drawn to a confident individual named Nico. The scene exudes a positive and dynamic energy, with an implicit association between Nico and the rise of the railway industry, evoking a sense of positivity lifting the stock price of Canadian Pacific Railway. The image should invoke a sense of movement and a modern, stylish aesthetic, capturing the vibrancy and excitement of the scene. The depiction should include only scenes, people, and objects, it should not include text or speech bubbles.
This image generation prompt was also generated by AI, using the following sequence:

Model: gpt-3.5-turbo-1106
System prompt: You select one of a few potential scene descriptors that seems to go along with the variables described. You respond only with the scene descriptions provided and say nothing else.
User prompt: Here are two variables: Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Given these, which of the following image style descriptions seems most appropriate? Pick the one that seems to be related to one of the variables at hand. Please respond with only one of the following potential descriptions: Pop art Cute cartoon Parallax art a Polaroid photo Psychedelic
ChatGPT: Parallax art

Model: gpt-3.5-turbo-1106
System prompt: You describe simple visual scenes that depict the two variables stated. You combine both variables into one scene.
User prompt: Please describe a visual scene that prominently depicts both Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP), in the following situation: Because when people hear the name Nico, they think of a cool, smooth operator, just like a slick train conductor. This association subconsciously boosts confidence in railway companies, leading to increased investments and ultimately raising CP's stock price. It's all about that name game, eh?. Keep the description simple.
ChatGPT: In a bustling train station, a sleek, modern locomotive with the Canadian Pacific Railway logo pulls in smoothly on the tracks. At the same time, a group of people surrounded by a confident-looking individual named Nico gather nearby, discussing the rising popularity of the name. The association between Nico and a cool, smooth operator instinctively draws attention to the railway industry, creating a positive vibe that seems to be lifting the stock price of Canadian Pacific Railway.

Model: gpt-3.5-turbo-1106
System prompt: You write and improve image generation prompts for DALLE-3. You maintain the same subjects, but enhance the visuals.
User prompt: Please respond with an image generation prompt that would be likely to create an interesting visual using DALLE-3, using the following style: [ Parallax art ] and depicting this scene: In a bustling train station, a sleek, modern locomotive with the Canadian Pacific Railway logo pulls in smoothly on the tracks. At the same time, a group of people surrounded by a confident-looking individual named Nico gather nearby, discussing the rising popularity of the name. The association between Nico and a cool, smooth operator instinctively draws attention to the railway industry, creating a positive vibe that seems to be lifting the stock price of Canadian Pacific Railway. Keep the visual depiction simple. Do not include any words or speech bubbles.
ChatGPT: Generate an image of a bustling train station with a sleek, modern locomotive bearing the Canadian Pacific Railway logo pulling into the platform. Surrounding the locomotive are a group of people engaging in animated discussions, all seemingly drawn to a confident individual named Nico. The scene exudes a positive and dynamic energy, with an implicit association between Nico and the rise of the railway industry, evoking a sense of positivity lifting the stock price of Canadian Pacific Railway. The image should invoke a sense of movement and a modern, stylish aesthetic, capturing the vibrancy and excitement of the scene.

*Variations in the User Prompts from chart to chart are just the result of random number generation in Python. I wrote a few arrays of various styles and methods to ask questions to change up the results. Every time this site writes an explanation or generates an image, the script picks from each at random.

I sequence the requests into multiple prompts because I find GPT 3.5 to perform much better with short, well-managed contexts. Thus, I track the context directly in Python and only ask ChatGPT targeted questions.

Model: gpt-3.5-turbo-1106 (fine-tuned)
System prompt: You provide humorous responses in the form of plausible sounding explanations for correlations. You assume the correlation is causative for the purpose of the explanation even if it is ridiculous. You do not chat with the user, you only reply with the causal connection explanation and nothing else.
User prompt: Please make up a funny explanation for how an increase in Popularity of the first name Nico caused Canadian Pacific Railway's stock price (CP) to increase.

AI academic paper

(Because p < 0.01)
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

The Journal of Financial Linguistics

Jan 2024

Reminder: This paper is AI-generated. Not real!
Quick note: This sequence is long and repetitive. That's how the prompt engineering works for this one. I manage the output in Python to format it into this PDF.




Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You write titles and abstracts of goofy academic research papers.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, and add unexpected twists in your writing.

Please draft the title and abstract of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Include a pun in the title.

Your research team used data from US Social Security Administration and LSEG Analytics (Refinitiv) to assess this nagging question. You found a correlation coefficient of 0.9755326 and p < 0.01 for 2002 to 2022.

Please respond in this format (replace "Lorem ipsum dolor sit" with your title and abstract)

[[TITLE]]
Lorem ipsum dolor sit

[[ABSTRACT]]
Lorem ipsum dolor sit



ChatGPT:
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft the introduction section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the introduction section of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Here is the title and abstract of the paper:
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

-------

Your response should start like this:

[[INTRODUCTION]]



ChatGPT:
[[INTRODUCTION]]

"Can a name really make a difference in the world of finance? This is the burning question we seek to answer in our study, All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. As researchers, we've all heard of the classic economic indicators like GDP, interest rates, and unemployment rates, but what about the influence of a person's first name on stock prices? Enter Nico – a name that's been flying under the radar, but as our findings suggest, it may just be the secret sauce behind the stock market success of Canadian Pacific Railway (CP).

Now, we know what you're thinking – Nico and stock prices? What could possibly be the connection? Trust us, we were just as skeptical when we stumbled upon this concept. But as they say, the devil's in the details, and in this case, the devil might just be named Nico. So, fasten your seatbelts and hop aboard as we embark on a journey through the whimsical and the empirical, where the power of a name may just determine market gains!"


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft a literature review section of an academic research paper, that starts out dry for the first few sentences but then becomes hilarious and goofy.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up a literature review section of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Speak in the present tense for this section (the authors find...), as is common in academic research paper literature reviews. Name the sources in a format similar to this: In "Book," the authors find lorem and ipsum.

Make up the lorem and ipsum part, but make it sound related to the topic at hand.

Start by naming serious-sounding studies by authors like Smith, Doe, and Jones - but then quickly devolve. Name some real non-fiction books that would be related to the topic. Then name some real fiction books that sound like they could be related. Then name a couple popular internet memes that are related to one of the topics.

Here is the title and abstract of the paper:
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

-------

And here is the introduction section that led to this literature review:
[[INTRODUCTION]]
"Can a name really make a difference in the world of finance? This is the burning question we seek to answer in our study, All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. As researchers, we've all heard of the classic economic indicators like GDP, interest rates, and unemployment rates, but what about the influence of a person's first name on stock prices? Enter Nico – a name that's been flying under the radar, but as our findings suggest, it may just be the secret sauce behind the stock market success of Canadian Pacific Railway (CP).
Now, we know what you're thinking – Nico and stock prices? What could possibly be the connection? Trust us, we were just as skeptical when we stumbled upon this concept. But as they say, the devil's in the details, and in this case, the devil might just be named Nico. So, fasten your seatbelts and hop aboard as we embark on a journey through the whimsical and the empirical, where the power of a name may just determine market gains!"

-------

Your response should start like this:

[[LITERATURE REVIEW]]



ChatGPT:
[[LITERATURE REVIEW]]

The influence of personal nomenclature on financial markets has long been a topic of both fascination and skepticism. While traditional economic theories have predominantly focused on quantitative indicators such as GDP, inflation, and interest rates, a growing body of research has begun to explore the potential impact of unconventional variables, including names, on market dynamics.

In "The Name Game: Exploring the Influence of Personal Names on Financial Decision Making," Smith et al. delve into the psychological implications of individuals' names, positing that subconscious biases may come into play when investors encounter companies associated with particular monikers, potentially impacting stock prices. Doe and Jones further reinforce this notion in their study, "Monikers and Market Movements: Uncovering the Name-Stock Price Nexus," by examining the linguistic and phonetic connotations of names and their potential effects on investor sentiment.

Taking a departure from traditional finance literature, "The Art of Naming: How Personal Titles Shape Economic Behavior" by Johansson provides a comprehensive analysis of the societal and cultural significance of personal names, shedding light on their potential economic ramifications. Similarly, "The Power of a Name: An Exploration of Idiosyncratic Influences on Financial Markets" by García introduces the concept of "Nico-nomics" as a playful yet thought-provoking exploration of the impact of specific names on market forces.

Turning to the realm of popular culture, books such as "The Da Vinci Code" by Dan Brown and "One Hundred Years of Solitude" by Gabriel García Márquez offer rich narratives that touch upon the mysterious and enigmatic qualities of names, hinting at the potential for names to hold unforeseen significance beyond their immediate signifiers. Furthermore, works of fiction such as "The Name of the Wind" by Patrick Rothfuss and "Nico Minoru: Runaways" by Brian K. Vaughan add depth to the discussion, weaving tales that seem to suggest an underlying power within the fabric of names themselves.

In the digital age, internet memes like "Nico Nico Nii" have also contributed to the cultural dialogue surrounding names, embodying a melodic and lighthearted resonance that may resonate with broader discussions of the influence of names on human behavior and societal constructs.

As we navigate through this whimsical journey of exploring the relationship between the popularity of the first name Nico and Canadian Pacific Railway's stock price, it becomes clear that the intersection of names and financial markets is a complex and multifaceted domain, blending the serious with the lighthearted and the empirical with the speculative. Join us as we continue to unravel the enigma of the "Nico-nomic" train, where the fusion of names and market dynamics may hold unforeseen surprises and a healthy dose of whimsy. All aboard!


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft the methodology section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the methodology section of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Your research team collected data from all across the internet, but mostly just used information from US Social Security Administration and LSEG Analytics (Refinitiv) . You used data from 2002 to 2022

Make up the research methods you don't know. Make them a bit goofy and convoluted.

Here is the title, abstract, and introduction of the paper:
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

[[INTRODUCTION]]
"Can a name really make a difference in the world of finance? This is the burning question we seek to answer in our study, All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. As researchers, we've all heard of the classic economic indicators like GDP, interest rates, and unemployment rates, but what about the influence of a person's first name on stock prices? Enter Nico – a name that's been flying under the radar, but as our findings suggest, it may just be the secret sauce behind the stock market success of Canadian Pacific Railway (CP).
Now, we know what you're thinking – Nico and stock prices? What could possibly be the connection? Trust us, we were just as skeptical when we stumbled upon this concept. But as they say, the devil's in the details, and in this case, the devil might just be named Nico. So, fasten your seatbelts and hop aboard as we embark on a journey through the whimsical and the empirical, where the power of a name may just determine market gains!"

-------

Your response should start like this:

[[METHODOLOGY]]



ChatGPT:

[[METHODOLOGY]]

To start our investigation into the mysterious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP), our research team embarked on a wild quest across the untamed jungles of data collection. We scoured the depths of the US Social Security Administration's records, careful not to get tangled in the web of baby name statistics. Then, armed with our trusty statistical tools and a bottomless pot of coffee, we tapped into the treasure trove of financial data from LSEG Analytics (Refinitiv), navigating through the labyrinth of stock prices and market trends.

With data in hand, we subjected it to a series of rigorous analytical procedures that would make even the most adventurous statistician break a sweat. First, we employed the ancient art of time series analysis to unravel the intricate dance between the popularity of the name Nico and CP's stock price from 2002 to 2022. Then, we unleashed the formidable force of correlation analysis to measure the strength of the relationship between these seemingly disparate variables.

But wait, it doesn't end there! In our quest for truth, we summoned the mighty p-value to vanquish the lurking specter of randomness, scrutinizing our findings with the unwavering gaze of statistical significance. All the while, we maintained a wide-eyed vigilance for any lurking confounding variables seeking to sabotage our noble quest to unravel the Nico-nomic mysteries.

In a final act of validation, we unleashed the power of robustness checks and sensitivity analyses, subjecting our findings to the relentless barrage of alternative models and alternative data sources, ensuring that our conclusions stood firm in the face of adversity.

Armed with our trusty calculators and a sprinkle of statistical magic, we emerged from the tumultuous sea of data with our findings - a stunning correlation coefficient of 0.9755326 and a p-value that blinked back at us, unmistakably less than 0.01.

The results of our methodological odyssey have given rise to newfound respect for the potential market-influencing power of names. So, buckle up and prepare to be whisked away on the whimsical yet empirical adventure that is the Nico-nomic train – where names may hold the key to stock market riches!


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft the results section of an academic research paper. You speak in the past tense (you found...).
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the results section of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Your research team collected data from all across the internet, but mostly just used information from US Social Security Administration and LSEG Analytics (Refinitiv) .

For the time period 2002 to 2022, you found a correlation 0.9755326, r-squared of 0.9516639, and p < 0.01.

One figure will be included. The figure (Fig. 1) is a scatterplot showing the strong correlation between the two variables. You don't need to specify where; I will add the figure.

Here is the title and abstract of the paper:
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

-------

And here is the methodology section that led to this result:
[[METHODOLOGY]]
"Can a name really make a difference in the world of finance? This is the burning question we seek to answer in our study, All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. As researchers, we've all heard of the classic economic indicators like GDP, interest rates, and unemployment rates, but what about the influence of a person's first name on stock prices? Enter Nico – a name that's been flying under the radar, but as our findings suggest, it may just be the secret sauce behind the stock market success of Canadian Pacific Railway (CP).
Now, we know what you're thinking – Nico and stock prices? What could possibly be the connection? Trust us, we were just as skeptical when we stumbled upon this concept. But as they say, the devil's in the details, and in this case, the devil might just be named Nico. So, fasten your seatbelts and hop aboard as we embark on a journey through the whimsical and the empirical, where the power of a name may just determine market gains!"

-------

Your response should start like this:

[[RESULTS]]



ChatGPT:

[[RESULTS]]

Our analysis revealed a remarkably strong correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP) from 2002 to 2022. The correlation coefficient of 0.9755326 and an r-squared of 0.9516639 indicate a robust positive relationship between these seemingly unrelated variables. This finding suggests a potential 'Nico-nomic' market influence that cannot be brushed aside lightly. The p-value of less than 0.01 further solidifies the statistical significance of this correlation, leaving us with little room for doubt – Nico and CP are more than just casual acquaintances in the world of finance.

Figure 1 provides a visual representation of this compelling relationship, demonstrating the tight clustering of data points around a clear positive trendline. It's as if every time someone named Nico enters the scene, CP's stock price is jolted into an upward trajectory. The implications of this association are as intriguing as they are unexpected, offering a new dimension to market analysis that ventures beyond traditional economic indicators.

As we navigate through the uncharted waters of 'Nico-nomics,' one can't help but wonder about the potential implications for stock portfolio diversification. Perhaps we should be considering not only industry trends and financial performance but also the frequency of certain names in the general population. Could it be that a diverse array of names in a portfolio leads to better overall market performance? The possibilities are as vast as the names themselves, opening the door to a strange and wonderful world where the stock market is influenced by the ebb and flow of first names.

In conclusion, our findings from this unlikely correlation between the popularity of the name Nico and Canadian Pacific Railway's stock price present a promising avenue for further research. From the whimsical to the empirical, this study has elicited a newfound appreciation for the potential influence of individual names on the fluctuations of the stock market. The 'Nico-nomic' train has left the station, and it's full steam ahead into a realm where the power of a name may just determine market gains. As we bid adieu to this study, one can't help but ponder – what's in a name? It seems in the world of finance, quite a lot.

Stay tuned for more on this subject in the sequel, "Nico Effect: The Rise of Individual Names in Market Trends." All aboard!


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft the discussion section of an academic research paper.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up the discussion section of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Limit your response to 500 tokens.

Here are the title, abstract, literature review, and results sections. Please harken back to 1-2 of the goofy items in the literature review, but pretend to take them completely seriously. Discuss how your results supported the prior research.

Do not write a conclusion. I will add a conclusion after this.

[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

[[LITERATURE REVIEW]]
The influence of personal nomenclature on financial markets has long been a topic of both fascination and skepticism. While traditional economic theories have predominantly focused on quantitative indicators such as GDP, inflation, and interest rates, a growing body of research has begun to explore the potential impact of unconventional variables, including names, on market dynamics.
In "The Name Game: Exploring the Influence of Personal Names on Financial Decision Making," Smith et al. delve into the psychological implications of individuals' names, positing that subconscious biases may come into play when investors encounter companies associated with particular monikers, potentially impacting stock prices. Doe and Jones further reinforce this notion in their study, "Monikers and Market Movements: Uncovering the Name-Stock Price Nexus," by examining the linguistic and phonetic connotations of names and their potential effects on investor sentiment.
Taking a departure from traditional finance literature, "The Art of Naming: How Personal Titles Shape Economic Behavior" by Johansson provides a comprehensive analysis of the societal and cultural significance of personal names, shedding light on their potential economic ramifications. Similarly, "The Power of a Name: An Exploration of Idiosyncratic Influences on Financial Markets" by García introduces the concept of "Nico-nomics" as a playful yet thought-provoking exploration of the impact of specific names on market forces.
Turning to the realm of popular culture, books such as "The Da Vinci Code" by Dan Brown and "One Hundred Years of Solitude" by Gabriel García Márquez offer rich narratives that touch upon the mysterious and enigmatic qualities of names, hinting at the potential for names to hold unforeseen significance beyond their immediate signifiers. Furthermore, works of fiction such as "The Name of the Wind" by Patrick Rothfuss and "Nico Minoru: Runaways" by Brian K. Vaughan add depth to the discussion, weaving tales that seem to suggest an underlying power within the fabric of names themselves.
In the digital age, internet memes like "Nico Nico Nii" have also contributed to the cultural dialogue surrounding names, embodying a melodic and lighthearted resonance that may resonate with broader discussions of the influence of names on human behavior and societal constructs.
As we navigate through this whimsical journey of exploring the relationship between the popularity of the first name Nico and Canadian Pacific Railway's stock price, it becomes clear that the intersection of names and financial markets is a complex and multifaceted domain, blending the serious with the lighthearted and the empirical with the speculative. Join us as we continue to unravel the enigma of the "Nico-nomic" train, where the fusion of names and market dynamics may hold unforeseen surprises and a healthy dose of whimsy. All aboard!

[[RESULTS]]
Our analysis revealed a remarkably strong correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP) from 2002 to 2022. The correlation coefficient of 0.9755326 and an r-squared of 0.9516639 indicate a robust positive relationship between these seemingly unrelated variables. This finding suggests a potential 'Nico-nomic' market influence that cannot be brushed aside lightly. The p-value of less than 0.01 further solidifies the statistical significance of this correlation, leaving us with little room for doubt – Nico and CP are more than just casual acquaintances in the world of finance.
Figure 1 provides a visual representation of this compelling relationship, demonstrating the tight clustering of data points around a clear positive trendline. It's as if every time someone named Nico enters the scene, CP's stock price is jolted into an upward trajectory. The implications of this association are as intriguing as they are unexpected, offering a new dimension to market analysis that ventures beyond traditional economic indicators.
As we navigate through the uncharted waters of 'Nico-nomics,' one can't help but wonder about the potential implications for stock portfolio diversification. Perhaps we should be considering not only industry trends and financial performance but also the frequency of certain names in the general population. Could it be that a diverse array of names in a portfolio leads to better overall market performance? The possibilities are as vast as the names themselves, opening the door to a strange and wonderful world where the stock market is influenced by the ebb and flow of first names.
In conclusion, our findings from this unlikely correlation between the popularity of the name Nico and Canadian Pacific Railway's stock price present a promising avenue for further research. From the whimsical to the empirical, this study has elicited a newfound appreciation for the potential influence of individual names on the fluctuations of the stock market. The 'Nico-nomic' train has left the station, and it's full steam ahead into a realm where the power of a name may just determine market gains. As we bid adieu to this study, one can't help but ponder – what's in a name? It seems in the world of finance, quite a lot.
Stay tuned for more on this subject in the sequel, "Nico Effect: The Rise of Individual Names in Market Trends." All aboard!

-------

Your response should start like this:

[[DISCUSSION]]



ChatGPT:

[[DISCUSSION]]

The connection between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP) may seem like a whimsical topic, but our findings have revealed a surprisingly robust correlation between the two. Our results not only echo the earlier whimsical but thought-provoking research on the influence of names, but also amplify the idiosyncratic influence that individual names may have on financial markets.

Taking a comical yet profound cue from Doe and Jones' "Monikers and Market Movements," our study has lent empirical support to the hypothesis that subconscious biases or even linguistic and phonetic connotations associated with names could impact investor sentiment and subsequently influence stock prices. It's as if the very mention of Nico's name in the market sphere is like a melodic chant that propels CP’s stock price to newfound heights.

Our findings also align with García's original concept of "Nico-nomics," taking it from the realm of playful conjecture to empirical reality. It's akin to uncovering a hidden but compelling force in the market dynamics, showing that there may indeed be truth to the influence that personal names exert on financial realms.

In addition, the significant correlation coefficient and p-value less than 0.01 in our study not only confirm the statistical significance of the relationship between the name Nico and CP's stock price but also cement the validity of the "Nico-nomic" phenomenon. We have all found ourselves on the 'Nico-nomic' express train, hurtling toward a world where the power of a name doesn’t just stop at personal identity but reaches into the very fabric of financial markets.

Our results have opened up a world of possibilities, including potential implications for stock portfolio diversification. Could it be that incorporating a diverse array of names into a portfolio leads to better market performance? It's a notion both quirky and intriguing, adding a layer of whimsy to the traditionally sober world of portfolio management. Perhaps we should henceforth be more concerned with not only industry trends and financial performance but also the names floating around in the general population.

In the grand scheme of things, it's clear that the 'Nico-nomic' train has pulled into the station with full force, leaving us all questioning – what's in a name? Quite a lot, it seems, especially in the realm of finance. As we bid adieu to this study, the door is wide open for further research and exploration into the influence of individual names on market trends, all aboard for the enchanting journey ahead!


Model: gpt-3.5-turbo-1106
System prompt: You are a silly researcher writing an academic paper.You draft the discussion section of goofy academic research papers that sounds like it belongs based on the title and abstract provided.
User prompt:
Pretend you are an academic researcher. Your writing sounds like it belongs in a medical or economics journal. However, you frequently crack jokes, make puns, or add unexpected twists in your writing.

Please make up a short conclusion of an academic research paper presenting the findings of the connection between Popularity of the first name Nico and Canadian Pacific Railway's stock price (CP). Make lots of jokes, goofy observations, and puns.

Limit your response to 300 tokens. At the very end, assert that no more research is needed in this area.

Here are the title, abstract, introduction, and results sections.
[[TITLE]]
All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price

[[ABSTRACT]]
This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

[[INTRDUCTION]]
"Can a name really make a difference in the world of finance? This is the burning question we seek to answer in our study, All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. As researchers, we've all heard of the classic economic indicators like GDP, interest rates, and unemployment rates, but what about the influence of a person's first name on stock prices? Enter Nico – a name that's been flying under the radar, but as our findings suggest, it may just be the secret sauce behind the stock market success of Canadian Pacific Railway (CP).
Now, we know what you're thinking – Nico and stock prices? What could possibly be the connection? Trust us, we were just as skeptical when we stumbled upon this concept. But as they say, the devil's in the details, and in this case, the devil might just be named Nico. So, fasten your seatbelts and hop aboard as we embark on a journey through the whimsical and the empirical, where the power of a name may just determine market gains!"

[[RESULTS]]
Our analysis revealed a remarkably strong correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP) from 2002 to 2022. The correlation coefficient of 0.9755326 and an r-squared of 0.9516639 indicate a robust positive relationship between these seemingly unrelated variables. This finding suggests a potential 'Nico-nomic' market influence that cannot be brushed aside lightly. The p-value of less than 0.01 further solidifies the statistical significance of this correlation, leaving us with little room for doubt – Nico and CP are more than just casual acquaintances in the world of finance.
Figure 1 provides a visual representation of this compelling relationship, demonstrating the tight clustering of data points around a clear positive trendline. It's as if every time someone named Nico enters the scene, CP's stock price is jolted into an upward trajectory. The implications of this association are as intriguing as they are unexpected, offering a new dimension to market analysis that ventures beyond traditional economic indicators.
As we navigate through the uncharted waters of 'Nico-nomics,' one can't help but wonder about the potential implications for stock portfolio diversification. Perhaps we should be considering not only industry trends and financial performance but also the frequency of certain names in the general population. Could it be that a diverse array of names in a portfolio leads to better overall market performance? The possibilities are as vast as the names themselves, opening the door to a strange and wonderful world where the stock market is influenced by the ebb and flow of first names.
In conclusion, our findings from this unlikely correlation between the popularity of the name Nico and Canadian Pacific Railway's stock price present a promising avenue for further research. From the whimsical to the empirical, this study has elicited a newfound appreciation for the potential influence of individual names on the fluctuations of the stock market. The 'Nico-nomic' train has left the station, and it's full steam ahead into a realm where the power of a name may just determine market gains. As we bid adieu to this study, one can't help but ponder – what's in a name? It seems in the world of finance, quite a lot.
Stay tuned for more on this subject in the sequel, "Nico Effect: The Rise of Individual Names in Market Trends." All aboard!

-------

Your response should start like this:

[[CONCLUSION]]



ChatGPT:

[[CONCLUSION]]

In conclusion, it appears that the influence of the name Nico on Canadian Pacific Railway's stock price is no mere coincidence. The compelling correlation uncovered in this study leaves us pondering the possibility of a whole new era in market analysis – one where individual names carry weight in stock performance. As we wrap up this research, it's clear that the 'Nico-nomic' train has set a new standard for understanding the whimsical yet empirical factors that impact financial markets. Whether it's the charm of the name Nico driving stock prices up or a whole new interpretation of the "Nico-nomic" indicators, one thing's for sure – this study has opened a door to a world where the power of a name may just determine market gains.

As we bid adieu to this Nico-nomic ride, it's safe to say that no more research is needed in this area. We've tooted the whistle, rung the bell, and made it to our final destination – the conclusion that the name Nico holds a peculiar but undeniable sway over Canadian Pacific Railway's stock price. It's time to park the 'Nico-nomic' train as we eagerly await the sequel, "Nico Effect: The Rise of Individual Names in Market Trends."

All aboard, next stop – the wacky world of personalized market influences!


Model: gpt-3.5-turbo-1106
System prompt: You provide fictional names of academic journals. You say nothing else, and you do not chat with the user.
User prompt: Please provide the name of a funny but plausible sounding research, scientific, or academic journal that would publish a paper entited All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. Respond only with the name of a fictional academic journal.

ChatGPT:

The Journal of Financial Linguistics


Model: gpt-3.5-turbo-1106
System prompt: You provide fictional names of nonprofit research organizations and associations. You say nothing else, and you do not chat with the user.
User prompt: Please provide the name of a funny but plausible sounding nonprofit, academic, or scientific association or organization that would sponsor research that resulted in a paper entited All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price. Respond only with the name of a fictional organization.

ChatGPT:

The Institute for Financial Wordplay and Economic Impact


Model: gpt-3.5-turbo-1106
System prompt: You provide potential search keywords separated by commas. You say nothing else, and you do not chat with the user.
User prompt: Please provide potential search keywords for a paper titled All Aboard the Nico-nomic Train: A Name's Influence on Canadian Pacific Railway Stock Price with an abstract of This research paper delves into the curious correlation between the popularity of the first name Nico and the stock price of Canadian Pacific Railway (CP). Utilizing data from the US Social Security Administration and LSEG Analytics (Refinitiv), our research team uncovered a striking correlation coefficient of 0.9755326 with a p-value less than 0.01 from 2002 to 2022. Whether it's the charm of the name Nico driving the stock price up or a whole new interpretation of the "Nico-nomic" indicators, our findings marry the whimsical with the empirical. This study sheds light on the importance of considering unconventional variables in financial analysis and introduces the possibility of endowing names with stock market influence, leading to a whole new meaning of "stock portfolio diversity." So, all aboard the Nico-nomic train - where the power of a name may just determine market gains!

ChatGPT:

"Nico-nomic train," "Canadian Pacific Railway stock price," "Nico name popularity," "correlation between name popularity and stock price," "US Social Security Administration data," "LSEG Analytics (Refinitiv) data," "stock market influence of names," "financial analysis unconventional variables," "name-based stock market indicators," "stock portfolio diversity."

*There is a bunch of Python happening behind the scenes to turn this prompt sequence into a PDF.



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Data details

Popularity of the first name Nico
Detailed data title: Babies of all sexes born in the US named Nico
Source: US Social Security Administration
See what else correlates with Popularity of the first name Nico

Canadian Pacific Railway's stock price (CP)
Detailed data title: Opening price of Canadian Pacific Railway (CP) on the first trading day of the year
Source: LSEG Analytics (Refinitiv)
Additional Info: Via Microsoft Excel Stockhistory function

See what else correlates with Canadian Pacific Railway's stock price (CP)

Correlation r = 0.9755326 (Pearson correlation coefficient)
Correlation is a measure of how much the variables move together. If it is 0.99, when one goes up the other goes up. If it is 0.02, the connection is very weak or non-existent. If it is -0.99, then when one goes up the other goes down. If it is 1.00, you probably messed up your correlation function.

r2 = 0.9516639 (Coefficient of determination)
This means 95.2% of the change in the one variable (i.e., Canadian Pacific Railway's stock price (CP)) is predictable based on the change in the other (i.e., Popularity of the first name Nico) over the 21 years from 2002 through 2022.

p < 0.01, which is statistically significant(Null hypothesis significance test)
The p-value is 5.8E-14. 0.0000000000000584988108390995
The p-value is a measure of how probable it is that we would randomly find a result this extreme. More specifically the p-value is a measure of how probable it is that we would randomly find a result this extreme if we had only tested one pair of variables one time.

But I am a p-villain. I absolutely did not test only one pair of variables one time. I correlated hundreds of millions of pairs of variables. I threw boatloads of data into an industrial-sized blender to find this correlation.

Who is going to stop me? p-value reporting doesn't require me to report how many calculations I had to go through in order to find a low p-value!
On average, you will find a correaltion as strong as 0.98 in 5.8E-12% of random cases. Said differently, if you correlated 17,094,364,580,342 random variables You don't actually need 17 trillion variables to find a correlation like this one. I don't have that many variables in my database. You can also correlate variables that are not independent. I do this a lot.

p-value calculations are useful for understanding the probability of a result happening by chance. They are most useful when used to highlight the risk of a fluke outcome. For example, if you calculate a p-value of 0.30, the risk that the result is a fluke is high. It is good to know that! But there are lots of ways to get a p-value of less than 0.01, as evidenced by this project.

In this particular case, the values are so extreme as to be meaningless. That's why no one reports p-values with specificity after they drop below 0.01.

Just to be clear: I'm being completely transparent about the calculations. There is no math trickery. This is just how statistics shakes out when you calculate hundreds of millions of random correlations.
with the same 20 degrees of freedom, Degrees of freedom is a measure of how many free components we are testing. In this case it is 20 because we have two variables measured over a period of 21 years. It's just the number of years minus ( the number of variables minus one ), which in this case simplifies to the number of years minus one.
you would randomly expect to find a correlation as strong as this one.

[ 0.94, 0.99 ] 95% correlation confidence interval (using the Fisher z-transformation)
The confidence interval is an estimate the range of the value of the correlation coefficient, using the correlation itself as an input. The values are meant to be the low and high end of the correlation coefficient with 95% confidence.

This one is a bit more complciated than the other calculations, but I include it because many people have been pushing for confidence intervals instead of p-value calculations (for example: NEJM. However, if you are dredging data, you can reliably find yourself in the 5%. That's my goal!


All values for the years included above: If I were being very sneaky, I could trim years from the beginning or end of the datasets to increase the correlation on some pairs of variables. I don't do that because there are already plenty of correlations in my database without monkeying with the years.

Still, sometimes one of the variables has more years of data available than the other. This page only shows the overlapping years. To see all the years, click on "See what else correlates with..." link above.
200220032004200520062007200820092010201120122013201420152016201720182019202020212022
Popularity of the first name Nico (Babies born)262258307299358371406497463566524596687688641793877972107513891499
Canadian Pacific Railway's stock price (CP) (Stock price)3.983.955.666.98.210.6912.996.7610.9513.0613.6420.830.0538.3625.0928.9536.6435.1451.2869.773.06




Why this works

  1. Data dredging: I have 25,153 variables in my database. I compare all these variables against each other to find ones that randomly match up. That's 632,673,409 correlation calculations! This is called “data dredging.” Instead of starting with a hypothesis and testing it, I instead abused the data to see what correlations shake out. It’s a dangerous way to go about analysis, because any sufficiently large dataset will yield strong correlations completely at random.
  2. Lack of causal connection: There is probably Because these pages are automatically generated, it's possible that the two variables you are viewing are in fact causually related. I take steps to prevent the obvious ones from showing on the site (I don't let data about the weather in one city correlate with the weather in a neighboring city, for example), but sometimes they still pop up. If they are related, cool! You found a loophole.
    no direct connection between these variables, despite what the AI says above. This is exacerbated by the fact that I used "Years" as the base variable. Lots of things happen in a year that are not related to each other! Most studies would use something like "one person" in stead of "one year" to be the "thing" studied.
  3. Observations not independent: For many variables, sequential years are not independent of each other. If a population of people is continuously doing something every day, there is no reason to think they would suddenly change how they are doing that thing on January 1. A simple Personally I don't find any p-value calculation to be 'simple,' but you know what I mean.
    p-value calculation does not take this into account, so mathematically it appears less probable than it really is.




Try it yourself

You can calculate the values on this page on your own! Try running the Python code to see the calculation results. Step 1: Download and install Python on your computer.

Step 2: Open a plaintext editor like Notepad and paste the code below into it.

Step 3: Save the file as "calculate_correlation.py" in a place you will remember, like your desktop. Copy the file location to your clipboard. On Windows, you can right-click the file and click "Properties," and then copy what comes after "Location:" As an example, on my computer the location is "C:\Users\tyler\Desktop"

Step 4: Open a command line window. For example, by pressing start and typing "cmd" and them pressing enter.

Step 5: Install the required modules by typing "pip install numpy", then pressing enter, then typing "pip install scipy", then pressing enter.

Step 6: Navigate to the location where you saved the Python file by using the "cd" command. For example, I would type "cd C:\Users\tyler\Desktop" and push enter.

Step 7: Run the Python script by typing "python calculate_correlation.py"

If you run into any issues, I suggest asking ChatGPT to walk you through installing Python and running the code below on your system. Try this question:

"Walk me through installing Python on my computer to run a script that uses scipy and numpy. Go step-by-step and ask me to confirm before moving on. Start by asking me questions about my operating system so that you know how to proceed. Assume I want the simplest installation with the latest version of Python and that I do not currently have any of the necessary elements installed. Remember to only give me one step per response and confirm I have done it before proceeding."


# These modules make it easier to perform the calculation
import numpy as np
from scipy import stats

# We'll define a function that we can call to return the correlation calculations
def calculate_correlation(array1, array2):

    # Calculate Pearson correlation coefficient and p-value
    correlation, p_value = stats.pearsonr(array1, array2)

    # Calculate R-squared as the square of the correlation coefficient
    r_squared = correlation**2

    return correlation, r_squared, p_value

# These are the arrays for the variables shown on this page, but you can modify them to be any two sets of numbers
array_1 = np.array([262,258,307,299,358,371,406,497,463,566,524,596,687,688,641,793,877,972,1075,1389,1499,])
array_2 = np.array([3.98,3.95,5.66,6.9,8.2,10.69,12.99,6.76,10.95,13.06,13.64,20.8,30.05,38.36,25.09,28.95,36.64,35.14,51.28,69.7,73.06,])
array_1_name = "Popularity of the first name Nico"
array_2_name = "Canadian Pacific Railway's stock price (CP)"

# Perform the calculation
print(f"Calculating the correlation between {array_1_name} and {array_2_name}...")
correlation, r_squared, p_value = calculate_correlation(array_1, array_2)

# Print the results
print("Correlation Coefficient:", correlation)
print("R-squared:", r_squared)
print("P-value:", p_value)



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For the record, I am just one person. Tyler Vigen, he/him/his. I do have degrees, but they should not go after my name unless you want to annoy my wife. If that is your goal, then go ahead and cite me as "Tyler Vigen, A.A. A.A.S. B.A. J.D." Otherwise it is just "Tyler Vigen."

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Correlation ID: 3676 · Black Variable ID: 3966 · Red Variable ID: 1672
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