|
|
|
|
|
by _Nat_
1733 days ago
|
|
The title's misinformation: effect-size ISN'T more important than statistical significance. The article itself makes some better points, e.g. > I worry that because of statistical ambiguity, there’s not much that can be deduced at all. , which would seem like a reasonable interpretation of the study that the article discusses. However, the title alone seems to assert a general claim about statistical interpretation that'd seem potentially harmful to the community. Specifically, it'd seem pretty bad for someone to see the title and internalize a notion of effect-size being more important than statistical significance. |
|
If you bought just ten tickets you would have a p value below 0.0000001
And that makes sense, because a p value of 0.01 says the probability of getting a sample this far from the null hypothesis is less than 1 in a million by random chance... which is what happened when you got the extremely unlikely but highly profitable answer.
edit: post was edited making this seem out of context...