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I always bring this up in discussions with social scientists and economists who maintain 99% or 95% significance level as the standard above which results from
by vjk800 4y ago
I always bring this up in discussions with social scientists and economists who maintain 99% or 95% significance level as the standard above which results from their studies get accepted. It's ridiculous; we can expect 1 or 5 in a hundred studies to be wrong just from statistics.
- sigmoid10 4y agoEven 5% is much better than these people would have you believe. There are fields where 70-80% of published research is not reproducible. https://en.m.wikipedia.org/wiki/Replication_crisis https://en.m.wikipedia.org/wiki/Replication_crisis