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: Thomas P. Gehrig
Janeway Institute Working Papers 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
Note: onl20
References: Add references at CitEc
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Downloads: (external link)
https://www.janeway.econ.cam.ac.uk/working-paper-pdfs/jiwp2112.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 (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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Persistent link: https://EconPapers.repec.org/RePEc:cam:camjip:2112
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