But Not as Good as Psychologists?
The website FiveThirtyEight has a thoughtful post reflecting on the recent study in psychology in which 100 experimental studies were replicated . At least two points are worth highlighting. First, despite the concern about p-hacking, it turns out that one of the best predictors of replicability in that study was p-level. So while 5 percent may be too generous, there is valuable information in the p-value. The second point is that psychology is confronting its replication demons straight on. Economics? Hmmm. To read more, click here.
On this note, you might also want to check the Guardian article reporting on this particular study: http://www.theguardian.com/science/2015/aug/27/study-delivers-bleak-verdict-on-validity-of-psychology-experiment-results