Moving to a world beyond p-value

Jae H. Kim ()
Additional contact information
Jae H. Kim: La Trobe University

Review of Managerial Science, 2022, vol. 16, issue 8, No 6, 2467-2493

Abstract: Abstract In light of the recent statements on the p-value criterion made by the American Statistical Association (ASA), it is now clear that that the current paradigm of statistical significance and its decision rule should be modified, in many fields of science including the business disciplines. We need a new or modified paradigm for “thoughtful, open and modest” research. This paper explains why we should adopt the ASA recommendations, and proposes a range of possible alternatives that may be included in a new paradigm for statistical research. As an application, the effect of seasonal affective disorder on stock return is re-evaluated.

Keywords: Effect size; Economic significance; Optimal significance level; Power analysis; Research Design; 62F03 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11846-021-00504-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:rvmgts:v:16:y:2022:i:8:d:10.1007_s11846-021-00504-6

Ordering information: This journal article can be ordered from
http://www.springer.com/business/journal/11846

DOI: 10.1007/s11846-021-00504-6

Access Statistics for this article

Review of Managerial Science is currently edited by R. Ewert and W. Kürsten

More articles in Review of Managerial Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().