Half of all economics experiments can not be replicated
Is there an actual study which makes this claim, like the one that exists in psychology? Or is this your intuïtion?
Not doubting you btw. As a marxist economist, I’d just like the citation.
Camerer et al. found that two-thirds of the 18 studies examined yielded replicable estimates of effect size and direction. This proportion is somewhat lower than unaffiliated experts were willing to bet…
In other words, ~33% failed to be replicated. Also this pearl:
Is there an actual study which makes this claim, like the one that exists in psychology? Or is this your intuïtion? Not doubting you btw. As a marxist economist, I’d just like the citation.
I might have gotten the psychology study mixed up with a study on economics.
Don’t worry, you weren’t that far off:
About 40% of economics experiments fail replication survey
Also this; I quote:
Camerer et al. found that two-thirds of the 18 studies examined yielded replicable estimates of effect size and direction. This proportion is somewhat lower than unaffiliated experts were willing to bet…
In other words, ~33% failed to be replicated. Also this pearl:
Now you see it, now you don’t: emerging contrary results in economics
…with several (20+) examples of two accepted papers having wildly different conclusions despite using the same dataset for the same purpose.