Statistical significance, path dependency, and the culture of journal publication

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

Abstract

A brief introduction to the misuse and abuse of tests of statistical significance is presented. This is followed by an analysis of why such an inappropriate socially sub-optimal and inefficient practice can persist over time in the face of a multiplicity of competing peer-reviewed journals. It is argued that this practice is path dependent and represents a market failure often resulting in misleading research findings and misguided public policy. This can only be corrected by changes to institutional parameters related to publication.

Original languageEnglish
Pages (from-to)651-663
Number of pages13
JournalJournal of Socio-Economics
Volume33
Issue number5
DOIs
Publication statusPublished - Nov 2004

Keywords

  • Institutional parameters
  • Path dependency
  • Peer-reviewed journals
  • Statistical significance

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