Statistical Significance, Path Dependency, and the Culture of Journal Publication

Posted: 17 Jan 2010

Date Written: 2004

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.

Keywords: Statistical Significance, Inefficient practice, Journals, Competition, Market failure, Policy, Parameters

JEL Classification: B40, C10, D70, L00

Suggested Citation

Altman, Morris, Statistical Significance, Path Dependency, and the Culture of Journal Publication (2004). Journal of Socio-Economics, Vol. 33, 2004. Available at SSRN: https://ssrn.com/abstract=1536864

Morris Altman (Contact Author)

University of Newcastle ( email )

University Drive
Callaghan, NSW 2308
Australia

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