EconPapers    
Economics at your fingertips  
 

Non-Standard Errors

Albert Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Jean-Baptiste Hasse and E.A.,

No 2023002, LIDAM Reprints LFIN from Université catholique de Louvain, Louvain Finance (LFIN)

Abstract: In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in 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 (NSEs). We study NSEs by letting 164 teams test the same hypotheses on the same data. NSEs turn out to be sizable, but smaller for better reproducible or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is underestimated by participants.

Pages: 62
Date: 2023-01-01
Note: In: Journal of Finance, 2023
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Nonstandard Errors (2024) Downloads
Working Paper: Nonstandard errors (2024) Downloads
Working Paper: Non-Standard Errors (2023) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-Standard Errors (2021) Downloads
Working Paper: Non-standard errors (2021) Downloads
Working Paper: Non-standard errors (2021) Downloads
Working Paper: Non-standard errors (2021) Downloads
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:ajf:louvlr:2023002

Access Statistics for this paper

More papers in LIDAM Reprints LFIN from Université catholique de Louvain, Louvain Finance (LFIN) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Séverine De Visscher ().

 
Page updated 2024-07-06
Handle: RePEc:ajf:louvlr:2023002