The #stats behind "Moving to a world beyond p<0.05" bit.ly/2we28Ox should be called #Pexit.
Yes there are parallels between #Pexit & #Brexit as I will explain! /1
March 2016 - ASA statement on misuse of p-values bit.ly/2ONg5sX
June 2016 - The UK votes to leave the EU bit.ly/2OMy2be
They were preceded by decades of debate on the use & misuse of P-values & the UK's relationship with the EU.
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See youtube.com/watch?v=B7mvbO…. I am in the front row taking many notes!
9 mins into that clip is a slide explaining ...
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#Brexit referendum was also preceded by a renegotiation put on the table by @David_Cameron Bloomberg speech in Jan 2013 and similarly there was much debate leading up to 2016.
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Dec 2019 - #Brexit is made official when Conservatives win an 80-seat majority in #GE2019 & withdrawal agreement is passed bit.ly/2HkeUNJ
Between ...
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I still remember sitting in my hotel room in Bruges 2 days before the referendum & ...
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Remain was a known Risk. The EU is a flawed institution but it has definitely done good as well as bad. Whether the EU would become more federal or return powers to the states ...
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Leave on the other hand was pure Uncertainty. It wasn't possible to estimate the odds of various outcomes. Not all outcomes would be ...
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The 2019 ASA ...
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"Yet the voices in the 43 papers in this issue do not sing as one. At times in this editorial and the papers you’ll hear deep dissonance, the echoes ..."
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At other times you’ll hear melodies wrapping in a rich counterpoint that may herald an increasingly harmonious new era of statistics. To us, these are all the sounds of statistical inference in the 21st century..."
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In this world, where studies with “p < 0.05” and studies with “p > 0.05” are not automatically in conflict, researchers will see their results more easily replicated and, even when not, they will better understand why. As we venture..."
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Replace some of the words and that could have been @BorisJohnson in full flow!
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The existing guidance is classic 1-way hypothesis testing & comes straight out of a Stats 101 university textbook.
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It took 3 years (yes really) to agree the new guidance & the transition from Premain certainty to #Pexit uncertainty was at the heart of the debate.
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On 6th March, I will be explaining how I have made the industry a guinea pig for #Pexit at the SILC Annual Forum bit.ly/2ORH4DY.
The link to the new guidance should be available soon.
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may be of interest to @d_spiegel @TomChivers @anthonybmasters @graemearcher @Ron_Wasserstein @HetanShah