Changing Century-old Statistical Standard Could Improve Scientific Research: List et al.

Simply changing the p-value statistical standard, proposed by statistician Ronald Fisher and adopted by the scientific community in the 1920s, could dramatically improve the quality of research and shrink the number of false positives, according to a commentary co-authored by University of Chicago economist John A. List.

“We advertise interventions as working because statistically we think they’re working. But they’re actually not working. This is becoming a crisis in the sciences,” said List, the Kenneth C. Griffin Distinguished Service Professor in Economics.

The authors calculated that lowering the p-value threshold to 0.005 would roughly double rates of replication in psychology and economics, and other fields would see similar outcomes. “Changing the p-value threshold is simple, aligns with the training undertaken by many researchers and might quickly achieve broad acceptance,” the authors said.

The argument represents the consensus of 72 scholars from institutions throughout the world and from a variety of disciplines, and could have a major effect on the publication of academic work and on public policy.

Prof. John List Receives Hartsook Growing Philanthropy Award

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At the recent 4th Science of Philanthropy Initiative Conference held at Saieh Hall, Prof. John List was presented the prestigious Hartsook Growing Philanthropy Award for his pioneering work using field experiments to explore the motivations behind charitable giving and social preferences that shape it. Prof. List was also named the Visiting Robert F. Hartsook Chair in Fundraising at the Indiana University Lilly Family School of Philanthropy. In an interview in the Non-Profit Times, Robert F. Hartsook, J.D., Ed.D., Chairman and CEO of Hartsook Companies stated “John List’s leadership in applied fundraising research from his University of Chicago role has propelled him into worldwide recognition. For Indiana to attract this talented professor and his network has created high expectations for the impact of the Hartsook Chair and the school in growing philanthropy.” (Above: The Hartsook organization's Chief Academic Officer Karin Cox and CEO Matthew J. Beem present the award to John List at the September 6 SPI Conference. Photo: L. Reznicek)

Voena Awarded 2017 Carlo Alberto Medal


The Department of Economics congratulates Alessandra Voena, recipient of the 2017 Carlo Alberto Medal. The Medal is presented every two years to a young Italian economist under the age of 40 for his or her outstanding research contributions to the field of economics. In its official announcement, the Collegio Carlo Alberto writes,

[Prof. Voena] is a labor and development economist who contributed to the economics of the family in developed and developing countries, as well as the economics of knowledge and innovation. In the words of scholars who nominated her: Alessandra is an 'Excellent empirical microeconomist with important work in the area of family economics.' She 'has made important contributions to the economics of family interaction using advanced econometric techniques,' That is, 'Alessandra is one of the leading Italian economists of her generation. […] She is a star.'

The award ceremony will take place at the Collegio Carlo Alberto during the Fall semester. Recipients deliver the Carlo Alberto Medal Lecture and are nominated Honorary Fellows of the Collegio Carlo Alberto of the Università Degli Studi di Torino.

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