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Significance Inflation

 

GOODMAN: Your p-Values Are Too Small! And So Are Your Confidence Intervals!

An oft-overlooked detail in the significance debate is the challenge of calculating correct p-values and confidence intervals, the favored statistics of the two sides. Standard methods rely on assumptions about how the data were generated and can be way off when the assumptions don’t hold. Papers on heterogenous effect sizes by Kenny and Judd and McShane and Böckenholt present a compelling scenario where the standard calculations are highly optimistic.

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