The Cult of statistical significance - A Review

Abstract

I present a review and extended discussion of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice and Lives by Deirdre McCloskey and Stephen Ziliak, a work that raises important issues related to the practice of statistics and that has been widely commented upon. For this review, I draw upon several other works on statistics and my personal experiences as a teacher of undergraduate econometrics.