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One swallow doesn’t make a summer: reply to Kataria

Maniadis, Zacharias; Tufano, Fabio; List, John A.

Authors

Zacharias Maniadis

John A. List



Abstract

In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev.104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of the value of key variables that determine the credibility of our own empirical findings. Such variables include priors (i.e., the pre-study probability that a tested phenomenon is true) and the statistical power of the empirical design. Economists should not hesitate to use Bayesian tools and meta-analysis in order to quantify what we know about these variables.

Journal Article Type Article
Publication Date Jan 1, 2014
Journal Econ Journal Watch
Electronic ISSN 1933-527X
Peer Reviewed Peer Reviewed
Volume 11
Issue 1
APA6 Citation Maniadis, Z., Tufano, F., & List, J. A. (2014). One swallow doesn’t make a summer: reply to Kataria. Econ journal watch, 11(1),
Keywords Economic Methodology; Statistical Inference
Publisher URL http://econjwatch.org/articles/one-swallow-doesn-t-make-a-summer-reply-to-kataria
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0





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