In a world of big data, small effects can still matter: a reply to Boyce, Daly, Hounkpatin, and Wood 2017Report as inadecuate


In a world of big data, small effects can still matter: a reply to Boyce, Daly, Hounkpatin, and Wood 2017


In a world of big data, small effects can still matter: a reply to Boyce, Daly, Hounkpatin, and Wood 2017 - Download this document for free, or read online. Document in PDF available to download.

Publication Date: 2017-04

Journal Title: Psychological Science

Publisher: SAGE Publications

Volume: 28

Issue: 4

Pages: 547-550

Language: English

Type: Article

This Version: AM

Metadata: Show full item record

Citation: Matz, S., Gladstone, J., & Stillwell, D. (2017). In a world of big data, small effects can still matter: a reply to Boyce, Daly, Hounkpatin, and Wood (2017). Psychological Science, 28 (4), 547-550. https://doi.org/10.1177/0956797617697445

Abstract: We make three points in response to Boyce, Daly, Hounkpatin, and Wood (2017). First, we clarify a misunderstanding of the goal of our analyses, which was to investigate the links between life satisfaction and spending patterns, rather than spending volume. Second, we report a simulation study we ran to demonstrate that our results were not driven by the proposed statistical artifact. Finally, we discuss the broader issue of why, in a world of big data, small but reliable effect sizes can be valuable.

Identifiers:

External DOI: https://doi.org/10.1177/0956797617697445

This record's URL: https://www.repository.cam.ac.uk/handle/1810/263840



Rights:

Licence:

http://www.rioxx.net/licenses/all-rights-reserved





Author: Matz, SCGladstone, JJ Stillwell, D

Source: https://www.repository.cam.ac.uk/handle/1810/263840



DOWNLOAD PDF




Related documents