One swallow doesn’t make a summer: reply to Kataria
In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev.104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of the value of key variables that determine the cred...
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| Format: | Article |
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Institute of Spontaneous Order Economics
2014
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| Online Access: | https://eprints.nottingham.ac.uk/32950/ |
| _version_ | 1848794526689263616 |
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| author | Maniadis, Zacharias Tufano, Fabio List, John A. |
| author_facet | Maniadis, Zacharias Tufano, Fabio List, John A. |
| author_sort | Maniadis, Zacharias |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev.104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of the value of key variables that determine the credibility of our own empirical findings. Such variables include priors (i.e., the pre-study probability that a tested phenomenon is true) and the statistical power of the empirical design. Economists should not hesitate to use Bayesian tools and meta-analysis in order to quantify what we know about these variables. |
| first_indexed | 2025-11-14T19:17:36Z |
| format | Article |
| id | nottingham-32950 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:17:36Z |
| publishDate | 2014 |
| publisher | Institute of Spontaneous Order Economics |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-329502020-05-04T16:40:16Z https://eprints.nottingham.ac.uk/32950/ One swallow doesn’t make a summer: reply to Kataria Maniadis, Zacharias Tufano, Fabio List, John A. In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev.104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of the value of key variables that determine the credibility of our own empirical findings. Such variables include priors (i.e., the pre-study probability that a tested phenomenon is true) and the statistical power of the empirical design. Economists should not hesitate to use Bayesian tools and meta-analysis in order to quantify what we know about these variables. Institute of Spontaneous Order Economics 2014-01-01 Article PeerReviewed Maniadis, Zacharias, Tufano, Fabio and List, John A. (2014) One swallow doesn’t make a summer: reply to Kataria. Econ Journal Watch, 11 (1). pp. 11-16. ISSN 1933-527X Economic Methodology; Statistical Inference http://econjwatch.org/articles/one-swallow-doesn-t-make-a-summer-reply-to-kataria |
| spellingShingle | Economic Methodology; Statistical Inference Maniadis, Zacharias Tufano, Fabio List, John A. One swallow doesn’t make a summer: reply to Kataria |
| title | One swallow doesn’t make a summer: reply to Kataria |
| title_full | One swallow doesn’t make a summer: reply to Kataria |
| title_fullStr | One swallow doesn’t make a summer: reply to Kataria |
| title_full_unstemmed | One swallow doesn’t make a summer: reply to Kataria |
| title_short | One swallow doesn’t make a summer: reply to Kataria |
| title_sort | one swallow doesn’t make a summer: reply to kataria |
| topic | Economic Methodology; Statistical Inference |
| url | https://eprints.nottingham.ac.uk/32950/ https://eprints.nottingham.ac.uk/32950/ |