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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Non-Standard Errors
Organization Unit
Authors
  • Gianluca De Nard
  • Simon Hediger
  • Markus Leippold
  • Per Nils Anders Östberg
  • Michele Pelli
  • et al.
Language
  • English
Institution University of Zurich
Series Name Swiss Finance Institute Research Paper
Number 22-09
Date 2022
Abstract Text In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across researchers adds uncertainty: non-standard errors. To study them, we let 164 teams test six hypotheses on the same sample. We find that non-standard errors are sizeable, on par with standard errors. Their size (i) co-varies only weakly with team merits, reproducibility, or peer rating, (ii) declines significantly after peer-feedback, and (iii) is underestimated by participants.
Official URL https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3961574
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