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Statistics

Analysis and Comment (5)

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A small experiment won’t identify even a large effect as significant while a big experiment is likely to see even a worthless effect as statistically significant. 8 Eyes Photography Flickr

Mind your confidence interval: how statistics skew research results

“Most patients using the new analgesia reported significantly reduced pain.” Such research findings sound exciting because the word significant suggests important and large. But researchers often use…
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It takes more than a batting average to find the world's best batsman. Composite image: public domain/AAP Image/Tony McDonough

Is Don, is good? How Tendulkar eclipses Bradman

Who is the greatest test batsman of all time? In a follow up to a recent paper I created a media furore by suggesting that India’s Sachin Tendulkar had eclipsed Australian great Sir Donald Bradman in terms…
Dataaddiction
Does the finance industry rely too heavily on contestable economic data? AAP

The problem with our economic data addiction

People who work in business and finance are obsessed with economic data releases – GDP growth figures, unemployment rates, trade statistics, and so on. Business journalists, investors, financial analysts…

Research Briefs (2)