Is the p-value pointless?
Thursday, March 17, 2016 - 09:00
in Mathematics & Economics
For the first time in its 177-year history, the American Statistical Association (ASA) has voiced its opinion and made specific recommendations for a statistical practice. The subject of their ire? The (arguably) most common statistical output, the p-value. The p-value has long been the primary metric for demonstrating that study results are "statistically significant," usually by achieving the semi-arbitrary value of p ce of the p-value has been greatly overstated and the scientific community has become over-reliant on this one – flawed – measure.