Rejection odds and rejection ratios: a proposal for statistical practice in testing hypotheses
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Abstract: Much of science is (rightly or wrongly) driven by hypothesis testing. Even in situations where the hypothesis testing paradigm is correct, the common practice of basing inferences solely on p-values has been under intense criticism for over 50 years. We propose, as an alternative, the use of the odds of a correct rejection of the null hypothesis to incorrect rejection. Both pre-experimental versions (involving the power and Type I error) and post-experimental versions (depending on the actual data) are considered. Implementations are provided that range from depending only on the p-value to consideration of full Bayesian analysis. A surprise is that all implementations -- even the full Bayesian analysis -- have complete frequentist justification. Versions of our proposal can be implemented that require only minor modifications to existing practices yet overcome some of their most severe shortcomings.
Recommendations
- Bayesian hypothesis testing: redux
- Revised standards for statistical evidence
- The use of \(p\)-values in applied research: interpretation and new trends
- Testing a Point Null Hypothesis: The Irreconcilability of P Values and Evidence
- Adaptative significance levels using optimal decision rules: balancing by weighting the error probabilities
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