My first publication also deserves my first proper tweet. Our paper on economic incentives and p-hacking in clinical trials just came out in @PNASNews pnas.org/content/early/… (1/6)
We analyze p-values from nearly 5000 phase II and phase III drug trials reported to ClinicalTrials.gov, the largest registry of clinical trials. Do financial conflicts of interest undermine ethical standards and incentivize manipulation of results? (2/6)
Unlike previous studies of academic publications in many disciplines (including economics), we don’t find patterns suggestive of p-hacking--reassuring in times where the whole world looks hopefully at trials for #COVID__19 medications/vaccines. (3/6)
However, selective continuation of only the promising phase II trials cannot fully explain the increased number of significant results in phase III trials by smaller industry sponsors. The residual could be due to selective reporting. (4/6)
Bottom line:
- Transparency through result repositories helps--maybe also an idea for other fields?
- Enforcement of disclosure requirements should be more stringent, especially for smaller sponsors for which the disciplining effect of reputational concerns might be weaker. (5/6)
Neat and accessible summary of our results by @Unibocconi
The super-rich in the US are usually 'makers' whose innovations benefited many--but may also harm many if the 'makers' become 'takers'
Deaton's view 👇 #UBSCenterForum
To kick off the discussion, @BrankoMilan talks about the development of inequality over time. Inequality between countries peaked in the early 2000s, declining in the last 20 years due to the rise of Asia (though still at a high level). #UBSCenterForum
Currie and Dorn report from their respective research that both health inequality (measured by mortality rates) and income inequality are more pronounced in the US than in Europe (France/Switzerland). Can these differences be explained by in the different political systems?