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Reply to Deirdre McCloskey and Stephen Ziliak on Statistical Significance

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  • Thomas Mayer
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    Abstract

    Deirdre McCloskey and Stephen Ziliak have graciously replied to my essay titled “Ziliak and McCloskey on Statistical Significance: An Assessment.” Only a few of McCloskey and Ziliak’s extensive criticisms are valid or partially valid, and these relate to points that can readily be dropped without materially weakening my conclusions. In particular, McCloskey and Ziliak do not engage my estimate of how often or how egregiously economists confuse statistical significance and oomph.

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    Bibliographic Info

    Article provided by Econ Journal Watch in its journal Econ Journal Watch.

    Volume (Year): 10 (2013)
    Issue (Month): 1 (January)
    Pages: 87-96

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    Handle: RePEc:ejw:journl:v:10:y:2013:i:1:p:87-96

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    Keywords: Significance tests; t’s; p’s; confidence intervals; Ziliak; McCloskey; oomph;

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    1. Mayer, Thomas, 1980. "Economics as a Hard Science: Realistic Goal or Wishful Thinking?," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 18(2), pages 165-78, April.
    2. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, National Bureau of Economic Research, Inc, in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
    3. Thomas Mayer, 2012. "Ziliak and McCloskey's Criticisms of Significance Tests: An Assessment," Econ Journal Watch, Econ Journal Watch, Econ Journal Watch, vol. 9(3), pages 256-297, September.
    4. Thomas Mayer, . "Monetarists And Keynesians On Central Banking: A Study Of A Failed Debate," Department of Economics, California Davis - Department of Economics 96-06, California Davis - Department of Economics.
    5. Kevin Hoover & Mark Siegler, 2008. "The rhetoric of 'Signifying nothing': a rejoinder to Ziliak and McCloskey," Journal of Economic Methodology, Taylor & Francis Journals, Taylor & Francis Journals, vol. 15(1), pages 57-68.
    6. Kevin D. Hoover & Mark V. Siegler, 2005. "Sound and Fury: McCloskey and Significance Testing in Economics," Econometrics, EconWPA 0511018, EconWPA.
    7. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, National Bureau of Economic Research, Inc, number frie57-1.
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