"Statistical significance is neither necessary nor sufficient for proving a commercial or scientific result." When two University of Michigan Press authors, Deirdre N. McCloskey and Stephen T. Ziliak, first began saying so, back in the 1980s, most of their colleagues dismissed their logic and findings. Ziliak himself, a Trustee and Professor of Economics at Roosevelt University, was advised by some of his professors to stop talking about statistical significance. But he and McCloskey, co-authors of the critically acclaimed book, The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives (2008), kept talking and talking. Now [...]
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