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DanielLC comments on What false beliefs have you held and why were you wrong? - Less Wrong
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Race is correlated with poverty, so that's expected. Is there a strong correlation beyond that?
There seems to be, although the studies that I've found with a quick search discuss this in terms of poverty having strong predictive value even after controlling for race (which is probably a less politically charged claim.) However, there are a lot of confounders that are not easy to adjust out of such an analysis.
Conversely, race also has strong predictive value after controlling for poverty.