John Ioannidis on Statistical Significance, Economics, and Replication
EconTalk
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Is There a False Positive in a Small Sample?
There's a continuum of different fields and different priors. How many out of 100 or 1,000 or 10,000 hypotheses are likely to be hiding something that is genuinely non-null? I think that economics is mostly operating in, let's say, middle ground, but there's a lot of variability.
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