One Swallow Doesn't Make a Summer: Reply to Kataria
In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev. 104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of the value of key variables that determine the credibility of our own empirical findings. Such variables include priors (i.e., the pre-study probability that a tested phenomenon is true) and the statistical power of the empirical design. Economists should not hesitate to use Bayesian tools and meta-analysis in order to quantify what we know about these variables.
Volume (Year): 11 (2014)
Issue (Month): 1 (January)
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- J. Bradford De Long & Kevin Lang, .
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J. Bradford De Long's Working Papers
_117, University of California at Berkeley, Economics Department.
- Mitesh Kataria, 2014. "One Swallow Doesn't Make a Summer: A Comment on Zacharias Maniadis, Fabio Tufano, and John List," Econ Journal Watch, Econ Journal Watch, vol. 11(1), pages 4-10, January.
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Working Paper Series of the Max Planck Institute for Research on Collective Goods
2010_07, Max Planck Institute for Research on Collective Goods, revised Jan 2011.
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The Warwick Economics Research Paper Series (TWERPS)
744, University of Warwick, Department of Economics.
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- Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," IZA Discussion Papers 2070, Institute for the Study of Labor (IZA).
- John Ioannidis & Chris Doucouliagos, 2013. "What'S To Know About The Credibility Of Empirical Economics?," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 997-1004, December.
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