Effect Size (Again)

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Deirdre McCloskeys great little pamphlet The Secret Sins of Economics , which you can read in expanded form in her books The Cult of Statistical Significance and If Youre So Smart , argues that one of the two secret sins mentioned in the title is that economics treats statistically significant results as if they were significant in every sense of that term. I dont agree with her that this is peculiar to economics, however. A lot of social science that rests on quantitative data has th

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