Non-standard errors

Albert Menkveld (), Anna Dreber (), Felix Holzmeister (), Jürgen Huber, Magnus Johannesson (), Michael Kirchler, Sebastian Neusüss, Michael Razen and Utz Weitzel
Authors registered in the RePEc Author Service: Marco Alexander Schwarz and Thomas P. Gehrig

No 11/2021, IWH Discussion Papers from Halle Institute for Economic Research (IWH)

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 G1 G14 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-exp
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Downloads: (external link)
https://www.econstor.eu/bitstream/10419/247267/1/1779882106.pdf (application/pdf)

Related works:
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)
Working Paper: Non-standard errors (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwhdps:112021

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