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Moving to a world beyond p-value

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  • Jae H. Kim

    (La Trobe University)

Abstract

In light of the recent statements on the p-value criterion made by the American Statistical Association (ASA), it is now clear that that the current paradigm of statistical significance and its decision rule should be modified, in many fields of science including the business disciplines. We need a new or modified paradigm for “thoughtful, open and modest” research. This paper explains why we should adopt the ASA recommendations, and proposes a range of possible alternatives that may be included in a new paradigm for statistical research. As an application, the effect of seasonal affective disorder on stock return is re-evaluated.

Suggested Citation

  • Jae H. Kim, 2022. "Moving to a world beyond p-value," Review of Managerial Science, Springer, vol. 16(8), pages 2467-2493, November.
    • Handle: RePEc:spr:rvmgts:v:16:y:2022:i:8:d:10.1007_s11846-021-00504-6
    DOI: 10.1007/s11846-021-00504-6
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