“I am a big fan of Deirdre McCloskey. One of the things she’s always carrying on about is ‘How big is big?’ “
February 27th, 2010The excerpt above is from a post called “Oomph” on Catallaxy Files. It continues with an interpretation: She argues that in much empirical analysis that people confuse statistical significance with substantive significance. In a play on words, she describes this as being the standard error of empirical analysis. For readers who are not statistically literate (more…)
