January 2018 Issue 2
President's ColumnRelevance, Validity, and Analytical Fiddling
In my AAEA presidential address, “Why Should I Believe Your Applied Economics?” (in press, AJAE Feb 2018), I called for research that is both relevant and valid. The toughest question from the audience asked how to handle cases where the researcher distorts results to boost their importance. In short, does analytical fiddling mean that the goals of relevance and validity are at loggerheads? In a world where citations drive impact and novelty drives citations, the temptation is great for a researcher to fiddle analytically until hitting upon some result that is both novel and statistically significant. Analytical fiddling may take the form of p-hacking in statistical models or of choosing biased parameters in simulation or optimization models. But analytical fiddling also serves essential, benevolent purposes. Here are four follow-up thoughts to that very important question. |
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AAEA NewsAnnouncing the 2018 AAEA FellowsAAEA would like to congratulate the 2018 Fellows: February 8, 2018 Deadlines
Other NewsHold the Date Request and Call for Papers:
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