Affiliation:
1. University of South Carolina
2. University of Florida
Abstract
Commonly reported statistics, such as the t value and p value, contain useful information about the cumulative probability of finding statistical significance based on the properties of the sample being analyzed. Unfortunately, converting t values and p values into this form of information is not intuitive and is often done incorrectly. We show how the bootstrap can provide a way to understand the cumulative probability of finding significance based on the characteristics of a specific sample and the statistical model being used. We also provide a simple way to estimate this probability from t values without having to rely on the bootstrap. Reporting sample-based probabilities can help promote robust and reliable research by conveying appropriate levels of uncertainty into discussions of results. We provide recommendations to authors, editors, reviewers, readers, and educators to help counter origination bias (i.e., how much a single-study finding should be viewed as solid or sacred) and other biases tied to misunderstanding the variability inherent associated with reporting “statistically significant” findings.
Funder
national science foundation
Subject
Strategy and Management,Finance
Cited by
59 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献