Non-Standard Errors

Albert Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Michael Kirchler, Sebastian Neusüss, Michael Razen, Utz Weitzel and Oliver Linton
Authors registered in the RePEc Author Service: Marco Alexander Schwarz and Thomas P. Gehrig

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: In statistics, samples are drawn from a population in a data generating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence generating process (EGP). We claim that EGP variation across researchers adds uncertainty: non-standard errors. To study them, we let 164 teams test six hypotheses on the same sample. We find that non-standard errors are sizeable, on par with standard errors. Their size (i) co-varies only weakly with team merits, reproducibility, or peer rating, (ii) declines significantly after peer-feedback, and (iii) is underestimated by participants. Online appendix available at https://bit.ly/3DIQKrB . Please note a full list of authors is available in the working paper.

Keywords: Market Efficiency; P-hacking; Publication bias (search for similar items in EconPapers)
JEL-codes: A14 C10 C12 C59 C90 G14 G40 (search for similar items in EconPapers)
Date: 2021-11-25
New Economics Papers: this item is included in nep-exp, nep-ore and nep-sog
Note: onl20
References: View references in EconPapers View complete reference list from CitEc
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Downloads: (external link)
https://www.econ.cam.ac.uk/sites/default/files/pub ... pe-pdfs/cwpe2182.pdf

Related works:
Journal Article: Nonstandard Errors (2024)
Working Paper: Nonstandard errors (2024)
Working Paper: Nonstandard Errors (2024)
Working Paper: Non-Standard Errors (2023)
Working Paper: Non-Standard Errors* (2023)
Working Paper: Non-Standard Errors (2023)
Working Paper: Non-Standard Errors (2022)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-standard errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-Standard Errors (2021)
Working Paper: Non-standard errors (2021)
Working Paper: Non-standard errors (2021)
Working Paper: Non-standard errors (2021)
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