World's happiest and most prosperous countries.

Started Jan 20, 2013 | Discussions thread
RBFresno
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Re: Ranking of Worst in critical data analysis?
In reply to carlk, Jan 21, 2013

carlk wrote:

RBFresno wrote:

The Legatum "prosperity" ranking is based largely on public opinion polls.

No. The index is not based on opinion polls but was built by analyzing real data of each countries .

http://www.prosperity.com/Methodology.aspx

The point you and other detractors missed, or trying to miss, is not how US is ranking on this list, it actually is not doing too bad. The points is almost all the top countries on the list are practicing the kind of social policies what hard line conservatives say will ruin a country.

You might want to read in detail the actual methodology used in the rankings, with particular attention to the number of variables derived from Public opinion polls (ref pgs 43-49), specifically the Gallup data.

With regard to your assertion that the rankings are based on "real data", much of that "data" is , as I mentioned public opinion polls

http://webapi.prosperity.com/download/pdf/PI2012_MethodologyV4.pdf

You might also want to read some of critical analyses of the Legatum rankings and the Gallup methodology upon which much of the "data" is derived.

Thailand's outranking the U.S in Economy metric of prosperity?

RB

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