How accurately can final-year students majoring in statistics, physics, and finance label the vertical axis of a normal distribution, explain their label, identify units, and answer a question about the impact of horizontal-axis rescaling? Our survey finds that only 27 out of 148 students...

Hong and Kacperczyk (2009, The price of sin: The effects of social norms on markets. Journal of Financial Economics 93(1), 15–36) document that “sin stocks” (alcohol, tobacco, and gambling) earn relatively high returns on a risk-adjusted basis. We revisit their original study with an...