Better Bayes Winner Revealed | Stats and Stories Episode 73

Stephen T. Ziliak is Professor of Economics at Roosevelt University and Conjoint Professor of Business and Law at the University of Newcastle-Australia. A major contributor to the American Statistical Association “Statement on Statistical Significance and P-values” (2016) he is probably best known for his book (with Deirdre N. McCloskey) on The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives (2008), showing the damage done by a culture of mindless significance testing, the history of wrong turns, and the benefits which could be enjoyed by returning to Bayesian and Guinnessometric roots.