A Primer on the â€˜Reproducibility Crisisâ€™ and Ways to Fix It
W. Reed ()
Australian Economic Review, 2018, vol. 51, issue 2, 286-300
This article uses the framework of Ioannidis () to organise a discussion of issues related to the â€˜reproducibility crisisâ€™. It then goes on to use that framework to evaluate various proposals to fix the problem. Of particular interest is the â€˜postâ€ study probabilityâ€™, the probability that a reported research finding represents a true relationship. This probability is inherently unknowable. However, a number of insightful results emerge if we are willing to make some conjectures about reasonable parameter values. Among other things, this analysis demonstrates the important role that replication can play in improving the signal value of empirical research.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:51:y:2018:i:2:p:286-300
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