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Survey expectations and adjustments for multiple testing

Michael Clements

Journal of Economic Behavior & Organization, 2024, vol. 224, issue C, 338-354

Abstract: Testing hypotheses regarding how individual survey respondents form their expectations is susceptible to the multiple testing problem. The probability of falsely rejecting the null hypothesis for one or more respondents will exceed the nominal single-hypothesis significance level. The Bonferroni correction and related approaches control the family-wise error rate, but are conservative and result in low power when the null hypotheses are false.

Keywords: Multiple tests; Survey expectations; Family-wise error rates; False discovery rates (search for similar items in EconPapers)
JEL-codes: C12 C53 E37 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:224:y:2024:i:c:p:338-354

DOI: 10.1016/j.jebo.2024.06.009

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Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

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