Towards a New Paradigm for Statistical Evidence

• Other Authors: Bhatti, Muhammad Ishaq (Editor), Kim, Jae H. (Editor)
• Format: Electronic Book Chapter
• Language: English
• Published: Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2021
• Subjects: Humanities; p-value; Bayesian; model specification; model testing; reporting results (p-values); replications; equivalence; minimum-effect; non-inferiority; point-null hypothesis testing; zero probability paradox; t-statistic; pretest estimator; model averaging; a priori procedure; null hypothesis significance testing; confidence intervals; p-values; estimation; hypothesis testing; replication crisis; profit maximization; market failure; teaching of econometrics; regression analysis; economics pedagogy; n/a
• Online Access: DOAB: download the publication; DOAB: description of the publication

Many scientists now widely agree that the current paradigm of statistical significance should be abandoned or largely modified. In response to these calls for change, a Special Issue of Econometrics (MDPI) has been proposed. This book is a collection of the articles that have been published in this Special Issue. These seven articles add new insights to the problem and propose new methods that lay a solid foundation for the new paradigm for statistical significance.