Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248784 
Authorgroup: 
Finance Crowd Analysis Project (#fincap)
Year of Publication: 
2021
Series/Report no.: 
Tinbergen Institute Discussion Paper No. TI 2021-102/IV
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
In statistics, samples are drawn from a population in a datagenerating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses in an evidencegenerating 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.
JEL: 
G1
C12
C18
Document Type: 
Working Paper

Files in This Item:
File
Size
1.35 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.