A Frequent Misuse of Significance Tests
AbstractEconomists sometimes interpret the failure of a significance test to disconfirm a hypothesis as evidence that this hypothesis is valid. Six examples of this are cited from recent journals. But this is a as interpretation of what significance tests show. While in general it is correct that every failure to disconfirm a hypothesis adds to its credibility, the term ""disconfirm"" is defined differently for this purpose than it is in the context of significance tests.
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Bibliographic InfoPaper provided by University of California, Davis, Department of Economics in its series Working Papers with number 15.
Date of creation: 16 Jan 2003
Date of revision:
significance tests; t values; t coefficients; confirmation;
Find related papers by JEL classification:
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
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- Susanna Loeb & Marianne E. Page, 2000. "Examining The Link Between Teacher Wages And Student Outcomes: The Importance Of Alternative Labor Market Opportunities And Non-Pecuniary Variation," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 393-408, August.
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- James T. Hamilton & W. Kip Viscusi, 1999.
"Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions,"
American Economic Review,
American Economic Association, vol. 89(4), pages 1010-1027, September.
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- Deirdre N. McCloskey & Stephen T. Ziliak, 1996. "The Standard Error of Regressions," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 97-114, March.
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