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Andrew Gelman — When considering proposals for redefining or abandoning statistical significance, remember that their effects on science will only be indirect!

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Summary: The end-in-view is doing good science and avoiding junk science, which is proliferating. Adjusting standards, etc. are only means to an end. There are no silver bullets or magic wands. Doing good science depends on good design, accurate measurement, and replication. Statistical Modeling, Causal Inference, and Social ScienceWhen considering proposals for redefining or abandoning statistical significance, remember that their effects on science will only be indirect! Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

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Summary: The end-in-view is doing good science and avoiding junk science, which is proliferating. Adjusting standards, etc. are only means to an end. There are no silver bullets or magic wands. Doing good science depends on good design, accurate measurement, and replication.

Statistical Modeling, Causal Inference, and Social Science
When considering proposals for redefining or abandoning statistical significance, remember that their effects on science will only be indirect!
Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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