[versteegen]

If you have a tiny effect size on X, you probably haven't discovered a significant cause of X, but just something incidental.

For example, smoking was finally proved to cause lung cancer because the effect size was so large that the argument that 'correlation does not imply causation' became absurd: it would have required the existence of a genetic or other common cause Z that both causes people to smoke and causes them to develop cancer with correlations at least as large as between smoking and lung cancer, but there just isn't anything correlated that strongly. It would imply that almost everyone who smokes heavily does so because of Z.