Experts Are Not Know-It-Alls (Experimentally Speaking)

[From the paper “Stability of experimental results: Forecasts and evidence” by Stefano DellaVigna and Devin Pope, an NBER Working Paper] “How robust are experimental results to changes in design? And can researchers anticipate which changes matter most? We consider a…

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How Well Do Anomalies in Finance and Accounting Replicate?

[From the abstract of a recent NBER working paper by Kewei Hou, Chen Xue, and Lu Zhang entitled “Replicating Anomalies”] “The anomalies literature is infested with widespread p-hacking. We replicate the entire anomalies literature in finance and accounting by compiling a…

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