Non-Standard Errors

Albert J. et al. Menkveld
Authors registered in the RePEc Author Service: Thomas P. Gehrig, Marco Alexander Schwarz and Albert J. Menkveld

No 9453, CESifo Working Paper Series from CESifo

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.

Keywords: non-standard errors; multi-analyst approach; liquidity (search for similar items in EconPapers)
JEL-codes: C12 C18 G10 G14 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp9453.pdf (application/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 (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)
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:ces:ceswps:_9453

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().