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Redefine Statistical Significance

Author

Listed:
  • Daniel Benjamin
  • James Berger
  • Magnus Johannesson
  • Brian Nosek
  • E. Wagenmakers
  • Richard Berk
  • Kenneth Bollen
  • Bjorn Brembs
  • Lawrence Brown
  • Colin Camerer
  • David Cesarini
  • Christopher Chambers
  • Merlise Clyde
  • Thomas Cook
  • Paul De Boeck
  • Zoltan Dienes
  • Anna Dreber
  • Kenny Easwaran
  • Charles Efferson
  • Ernst Fehr
  • Fiona Fidler
  • Andy Field
  • Malcom Forster
  • Edward George
  • Tarun Ramadorai
  • Richard Gonzalez
  • Steven Goodman
  • Edwin Green
  • Donald Green
  • Anthony Greenwald
  • Jarrod Hadfield
  • Larry Hedges
  • Leonhard Held
  • Teck Hau Ho
  • Herbert Hoijtink
  • James Jones
  • Daniel Hruschka
  • Kosuke Imai
  • Guido Imbens
  • John Ioannidis
  • Minjeong Jeon
  • Michael Kirchler
  • David Laibson
  • John List
  • Roderick Little
  • Arthur Lupia
  • Edouard Machery
  • Scott Maxwell
  • Michael McCarthy
  • Don Moore
  • Stephen Morgan
  • Marcus Munafo
  • Shinichi Nakagawa
  • Brendan Nyhan
  • Timothy Parker
  • Luis Pericchi
  • Marco Perugini
  • Jeff Rouder
  • Judith Rousseau
  • Victoria Savalei
  • Felix Schonbrodt
  • Thomas Sellke
  • Betsy Sinclair
  • Dustin Tingley
  • Trisha Zandt
  • Simine Vazire
  • Duncan Watts
  • Christopher Winship
  • Robert Wolpert
  • Yu Xie
  • Cristobal Young
  • Jonathan Zinman
  • Valen Johnson

Abstract

We propose to change the default P-value threshold for statistical significance for claims of new discoveries from 0.05 to 0.005.

Suggested Citation

  • Daniel Benjamin & James Berger & Magnus Johannesson & Brian Nosek & E. Wagenmakers & Richard Berk & Kenneth Bollen & Bjorn Brembs & Lawrence Brown & Colin Camerer & David Cesarini & Christopher Chambe, 2017. "Redefine Statistical Significance," Artefactual Field Experiments 00612, The Field Experiments Website.
  • Handle: RePEc:feb:artefa:00612
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    File URL: http://s3.amazonaws.com/fieldexperiments-papers2/papers/00612.pdf
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    References listed on IDEAS

    as
    1. Camerer, Colin & Dreber, Anna & Forsell, Eskil & Ho, Teck-Hua & Huber, Jurgen & Johannesson, Magnus & Kirchler, Michael & Almenberg, Johan & Altmejd, Adam & Chan, Taizan & Heikensten, Emma & Holzmeist, 2016. "Evaluating replicability of laboratory experiments in Economics," MPRA Paper 75461, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. New p-Value Thresholds for Statistical Significance
      by Francis Diebold in No Hesitations on 2017-08-28 04:46:00
    2. [統計][経済][科学]新発見の統計的有意性のp値の閾値は5%から0.5%に下げよ
      by himaginary in himaginaryの日記 on 2017-08-29 05:00:00
    3. More on New p-Value Thresholds
      by Francis Diebold in No Hesitations on 2017-09-04 22:17:00

    Citations

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    Cited by:

    1. Lyócsa, Štefan & Výrost, Tomáš & Baumöhl, Eduard, 2019. "Return spillovers around the globe: A network approach," Economic Modelling, Elsevier, vol. 77(C), pages 133-146.
    2. Gunter, Ulrich & Önder, Irem & Smeral, Egon, 2019. "Scientific value of econometric tourism demand studies," Annals of Tourism Research, Elsevier, vol. 78(C), pages 1-1.
    3. Arnold, Gwen & Farrer, Benjamin & Holahan, Robert, 2018. "How do landowners learn about high-volume hydraulic fracturing? A survey of Eastern Ohio landowners in active or proposed drilling units," Energy Policy, Elsevier, vol. 114(C), pages 455-464.
    4. Camerer, Colin & Dreber, Anna & Holzmeister, Felix & Ho, Teck Hua & Huber, Juergen & Johannesson, Magnus & Kirchler, Michael & Nave, Gideon & Nosek, Brian A. & Pfeiffer, Thomas, 2018. "Evaluating the replicability of social science experiments in Nature and Science between 2010 and 2015," SocArXiv 4hmb6, Center for Open Science.
    5. Schwaiger, Rene & Kirchler, Michael & Lindner, Florian & Weitzel, Utz, 2020. "Determinants of investor expectations and satisfaction. A study with financial professionals," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).

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