To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study
The sciences are in an era of an alleged ‘credibility crisis’. In this study, we discuss the reproducibility of empirical results, focusing on economics research. By combining theory and empirical evidence, we discuss the import of replication studies, and whether they improve our confidence in nove...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Published: |
Wiley
2017
|
| Online Access: | https://eprints.nottingham.ac.uk/43275/ |
| _version_ | 1848796651886477312 |
|---|---|
| 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 | The sciences are in an era of an alleged ‘credibility crisis’. In this study, we discuss the reproducibility of empirical results, focusing on economics research. By combining theory and empirical evidence, we discuss the import of replication studies, and whether they improve our confidence in novel findings. The theory sheds light on the importance of replications, even when replications are subject to bias. We then present a pilot meta-study of replication in experimental economics, a subfield serving as a positive benchmark for investigating the credibility of economics. Our meta-study highlights certain difficulties when applying meta-research to systematise the economics literature. |
| first_indexed | 2025-11-14T19:51:23Z |
| format | Article |
| id | nottingham-43275 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:51:23Z |
| publishDate | 2017 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-432752020-05-04T19:14:03Z https://eprints.nottingham.ac.uk/43275/ To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study Maniadis, Zacharias Tufano, Fabio List, John A. The sciences are in an era of an alleged ‘credibility crisis’. In this study, we discuss the reproducibility of empirical results, focusing on economics research. By combining theory and empirical evidence, we discuss the import of replication studies, and whether they improve our confidence in novel findings. The theory sheds light on the importance of replications, even when replications are subject to bias. We then present a pilot meta-study of replication in experimental economics, a subfield serving as a positive benchmark for investigating the credibility of economics. Our meta-study highlights certain difficulties when applying meta-research to systematise the economics literature. Wiley 2017-10-24 Article PeerReviewed Maniadis, Zacharias, Tufano, Fabio and List, John A. (2017) To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study. Economic Journal, 127 . F209-F235. ISSN 1468-0297 http://onlinelibrary.wiley.com/doi/10.1111/ecoj.12527/full doi:10.1111/ecoj.12527 doi:10.1111/ecoj.12527 |
| spellingShingle | Maniadis, Zacharias Tufano, Fabio List, John A. To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title | To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title_full | To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title_fullStr | To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title_full_unstemmed | To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title_short | To replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| title_sort | to replicate or not to replicate?: exploring reproducibility in economics through the lens of a model and a pilot study |
| url | https://eprints.nottingham.ac.uk/43275/ https://eprints.nottingham.ac.uk/43275/ https://eprints.nottingham.ac.uk/43275/ |