Redefine statistical significance: Large group of scientists, statisticians argue for changing p-value from .05 to .005
Tuesday, August 1, 2017 - 08:02
in Mathematics & Economics
(Phys.org)—A large group of scientists and statisticians has uploaded a paper to the PsyArXiv preprint server arguing for changing the p-value from .05 to .005. The paper outlines their reasons for suggesting that the commonly used value for assigning significance to results be changed.