Redefine Statistical Significance Part III: Informed Priors and Oracle Priors

Has the common criterion for statistical significance –“1-in-20”– tempted researchers into making strong claims from weak evidence? Should p-values near .05 be considered only suggestive? Are researchers caught in a bad romance? Last year, the American Statistical Association stated that “a p-value near 0.05 taken by itself offers only weak evidence against the null hypothesis” (Wasserstein and Lazar, 2016, p.…
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