Do We Give Too Much Significance to Statistical Significance?

Are We Consuming Too Much

I s humanity’s use of Earth’s resources endangering the economic possibilities open to our descendants? There is wide disagreement on the question. Many people worry about the growth in our use of natural resources over the past century. Some of this increase reflects the higher resource demands from a growing world population. But it also reflects the growth of per capita output and consumptio...

Statistical significance and clinical significance.

Do Investors Trade Too Much?

Trading volume on the world’s markets seems high, perhaps higher than can be explained by models of rational markets. For example, the average annual turnover rate on the New York Stock Exchange (NYSE) is currently greater than 75 percent and the daily trading volume of foreign-exchange transactions in all currencies (including forwards, swaps, and spot transactions) is roughly one-quarter of t...

Statistical and Practical Significance of Articles at Sports Biomechanics Conferences

Background. The importance of using statistical approaches has increased and became necessary for researchers and specialists in sports biomechanics because they need more objective and accurate methods to increase knowledge. Objectives. Evaluate the reality of using practical significance in the articles published in scientific conferences in the biomechanical sport. Methods. One hundred twe...

The clinical significance of statistical significance.

Modern clinical trials provide the evidence for most therapeutic advances, and that evidence, expressed in a statistical format, is used to draw inferences about a population from the study's results. Clinician judgment translates these inferences for best individual patient care, but many clinicians struggle with the statistical interpretation of trial results. This review provides a clinical ...