One swallow doesn’t make a summer: reply to Kataria
Maniadis, Zacharias; Tufano, Fabio; List, John A.
John A. List
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|
|Peer Reviewed||Peer Reviewed|
|Institution 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|
|Copyright Statement||Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0|
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0