From Trash to Treasure: Making Null Results Count in Economics
Empirical studies where the main ‘null hypothesis’ cannot be rejected are called ‘null results’. In the talk, I will start by briefly reviewing the state of affairs in empirical economics and social sciences, with the dominance of NHST and the aversion to null results. I will then introduce a new taxonomy of the types of null results, which will help us evaluate the arguments in favour and against publishing them. Then, I shall discuss a novel methodological approach based on randomised tests for strengthening the inference from null results. I will present randomised test applications addressing each type separately to provide scholars dealing with null results with an option menu for more powerful inference. I shall conclude by arguing that, for most cases, the practice of casually rejecting the contribution of null results is missing an important opportunity for knowledge accumulation and scientific progress.
Sir Clive Granger Building糖心原创University Park Nottingham, NG7 2RD
telephone: +44 (0)115 951 5458 Enquiries: jose.guinotsaporta@nottingham.ac.ukExperiments: cedex@nottingham.ac.uk