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Alberto ABADIE (MIT) – “Statistical Non-Significance in Empirical Economics”

December 13, 10:30 am - 11:45 am

The Microeconometrics Seminar:

Time: 10:30 am – 11:45 am Exceptionally
Date: 13th of December 2019 Exceptionally Friday
Place: Room 3001.

Alberto ABADIE (MIT) – “Statistical Non-Significance in Empirical Economics”

Abstract: Statistical significance is often interpreted as providing greater information than nonsignificance. In this article we show, however, that rejection of a point null often carries very little information, while failure to reject may be highly informative. This is particularly true in empirical contexts that are common in economics, where data sets are large and there are rarely reasons to put substantial prior probability on a point null. Our results challenge the usual practice of conferring point null rejections a higher level of scientific significance than non-rejections. Therefore, we advocate visible reporting and discussion of non-significant results.

Organizers:
Xavier D’Haultfoeuille (CREST), Benoit Schmutz (CREST)

Sponsors:
CREST

Lunch registration:
food provided, no registration

Details

Date:
December 13
Time:
10:30 am - 11:45 am
Event Categories:
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Venue