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1.	Menkveld, Albert J., et al. (author) Nonstandard Errors 2024 In: JOURNAL OF FINANCE. - : Wiley-Blackwell. - 0022-1082 .- 1540-6261. ; 79:3, s. 2339-2390 Journal article (peer-reviewed)abstract In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across researchers adds uncertainty-nonstandard errors (NSEs). We study NSEs by letting 164 teams test the same hypotheses on the same data. NSEs turn out to be sizable, but smaller for more reproducible or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is underestimated by participants.

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Author/Editor: Wolf, Michael (1); Szaszi, Barnabas (1); Dreber Almenberg, An ... (1); Holzmeister, Felix (1); Huber, Juergen (1); Johannesson, Magnus (1); show more...; Kirchler, Michael (1); Walther, Thomas (1); Chen, Jian (1); Hartmann, Simon (1); Li, Hui (1); Ostberg, Per (1); Schneider, Michael (1); Zhang, Lu (1); Hjalmarsson, Erik, 1 ... (1); Talavera, Oleksandr (1); Theissen, Erik (1); Hautsch, Nikolaus (1); Bondarenko, Oleg (1); Dzieliński, Michał (1); Zareei, Abalfazl (1); Riordan, Ryan (1); Weitzel, Utz (1); Vogel, Sebastian (1); Xu, Ke (1); Caporin, Massimilian ... (1); Kolokolov, Aleksey (1); Reno, Roberto (1); Zoican, Marius (1); Zhang, Xiaoyu (1); Gao, Ge (1); Chernov, Mikhail (1); Zhao, Lu (1); Taylor, Nick (1); Pasquariello, Paolo (1); Zamojski, Marcin, 19 ... (1); Nordén, Lars L. (1); Putnins, Talis (1); Xu, Caihong (1); Moore, David (1); Bouri, Elie (1); Félez-Viñas, Ester (1); Zhou, Z. Ivy (1); Karmaziene, Egle (1); Gregoire, Vincent (1); Menkveld, Albert J. (1); Zhou, Chen (1); Valente, Giorgio (1); Vilhelmsson, Anders (1); Sokolov, Konstantin (1); show less...

University: University of Gothenburg (1); Stockholm University (1); Stockholm School of Economics (1)

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