Data and Code for "Statistical Non-Significance in Empirical Economics"
Principal Investigator(s): View help for Principal Investigator(s) Alberto Abadie, MIT
Version: View help for Version V1
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application/pdf | 221.7 KB | 12/17/2019 08:52:AM |
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text/x-objcsrc | 3.1 KB | 02/28/2018 04:44:AM |
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Project Citation:
Abadie, Alberto. Data and Code for “Statistical Non-Significance in Empirical Economics.” Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-05-28. https://doi.org/10.3886/E115087V1
Project Description
Summary:
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Statistical significance is often interpreted as providing greater information than non-significance. In this article we show, however, that rejection of a point null often carries very little information, while failure to reject may be highly informative. This is particularly true in empirical contexts that are common in economics, where data sets are large and there are rarely reasons to put substantial prior probability on a point null. Our results challenge the usual practice of conferring point null rejections a higher level of scientific significance than non-rejections. Therefore, we advocate visible reporting and discussion of non-significant results.
Scope of Project
JEL Classification:
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C11 Bayesian Analysis: General
C12 Hypothesis Testing: General
C18 Methodological Issues: General
C11 Bayesian Analysis: General
C12 Hypothesis Testing: General
C18 Methodological Issues: General
Data Type(s):
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experimental data
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