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Tag Archives: statistics and economics

It’s not just p=0.048 vs. p=0.052 — Andrew Gelman

Numbers may be eternal and unchanging, but they are not gods. Andrew Gelman observes that we also have to step back and use our common sense regarding what the numbers actually say, instead of drawing arbitrary lines based on self-imposed criteria like "significance" and then take them as "messages from the gods." It doesn't work like that. Formalism only goes so far. So. Yes, it seems goofy to draw a bright line between p = 0.048 and p = 0.052. But it’s also goofy to draw a bright line...

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