On the agenda for Tuesday, Copenhagen Business School, “Bubbles, Gluts, and Demand Curves: How to Get Sophisticated About the Rhetoric of Real Estate Studies” and “The Scandal of Statistical Significance in Psychology, Medical Science, and Economics”

SAC Hedge Fund, 3rd floor, Penninsla Hotel, 780 5th Ave at 55th St, “Not Putting Your Money Where Your Numbers Are: Statistical Significance in Finance.”

Thursday, Sept 24, Washington, “What’s Wrong with t-Tests.” 12:00-1:00 at the Government Accounting Office, 441 G St, NW. Either the Judiciary Square or Gallery Place metro stops will get you within a block. The visitors’ entrance is on G Street, between 4th and 5th Streets.

Oct 13-14, at the Prague University of Economics (Vysoka skola ekonomicka v Praze). Tuesday, Oct 13, 4:00 pm: “Bourgeois Dignity” Wednesday, Oct. 14, special seminar on “What’s Wrong with Statistical Significance?”

The 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…)

— About The Cult of Statistical Significance — See summary paper, “The Cult of Statistical Significance” — StatLit website

Oliver Morin (International Cognition and Culture, 31 August 2009) talks about The Cult of Statistical Significance. I just finished Stephen Ziliak and Deirdre McCloskey’s vital pamphlet, The cult of statistical significance: how the standard error is costing us jobs, justice, and lives. These two economic historians did an excellent job of convincing me that everyone (more…)