Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/267164 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Comments and Replications in Economics (JCRE) [ISSN:] 2749-988X [Volume:] 1 [Issue:] 2022-4 [Publisher:] ZBW - Leibniz Information Centre for Economics [Place:] Kiel, Hamburg [Year:] 2022 [Pages:] 1-15
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
In a recent simulation study, Goodman et al. (2019) compare several methods with regard to their type I and type II error rates when considering a thick null hypothesis that includes all values that are practically equivalent to the point null hypothesis. They propose a hybrid decision criterion only declaring a result "significant" if both a small p-value and a sufficiently large effect size are obtained. We successfully verify the results using our own software code in R and discuss an additional decision method that is tailored to maintain a pre-defined false positive rate. We confirm that the hybrid decision criterion has comparably low error rates in checkable settings but point out that the false discovery rate cannot be easily controlled by the researcher. Our analyses are readily accessible and customizable on github.com/drehero/goodman-replication.
Subjects: 
NHST
Intervall null hypothesis
Minimum effect size plus p-value criterion
Thick t-test
Statistical evidence
Type I error rate
False discovery rate
JEL: 
C10
C12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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