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The replication rate of Economics as a field is higher than replication rates for psychology, cancer research, pharmaceutical research, and many other fields. W
by seirl 5y ago
The replication rate of Economics as a field is higher than replication rates for psychology, cancer research, pharmaceutical research, and many other fields. When was the last time you opened an econ journal?
- orwin 5y ago0.1% of studies in the econ field are replication studies. 58% (quite high, higher than a lot of biology related field) are positive replications. But! some of those use the same datasets, with different time bases, and most are narrow replication of high impact studies. Also, economics now is not a singular field, and I'd bet gp was talking about macroeconomics. You could be more charitable.