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Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012670776
As I document using evidence from a journal data repository that I manage, the datasets used in empirical work are getting larger. When we use very large datasets, it can be dangerous to rely on standard methods for statistical inference. In addition, we need to worry about computational issues....
Persistent link: https://www.econbiz.de/10012815681
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
The problem of optimal decision among unit roots, trend stationarity, and trend stationarity with structural breaks is considered. Each class is represented by a hierarchically random process whose parameters are distributed in a non-informative way. The prior frequency for all three processes...
Persistent link: https://www.econbiz.de/10009711656
We argue that comprehensive out-of-sample (OOS) evaluation using statistical decision theory (SDT) should replace the …
Persistent link: https://www.econbiz.de/10014512123
The replicability and credibility crisis in psychology and economics sparked the debate on underpowered experiments, publication biases, and p-hacking. Analyzing the number of independent observations of experiments published in Experimental Economics, Games and Economic Behavior, and the...
Persistent link: https://www.econbiz.de/10012542673
Persistent link: https://www.econbiz.de/10009578584
We propose a novel Bayesian test under a (noninformative) Jeffreys'priorspecification. We check whether the fixed scalar value of the so-calledBayesian Score Statistic (BSS) under the null hypothesis is aplausiblerealization from its known and standardized distribution under thealternative....
Persistent link: https://www.econbiz.de/10011303302
Persistent link: https://www.econbiz.de/10009769691
It is argued that a main aim of statistics is to produce statistical procedures which in this article are defined as algorithms with inputs and outputs. The structure and properties of such procedures are investigated with special reference to topological and testing considerations. Procedures...
Persistent link: https://www.econbiz.de/10009770519