Non-Standard Errors

Research output: Preprint/documentation/reportWorking paper

Contributors

  • Albert J. Menkveld - (Author)
  • Menachem (Meni) Abudy - (Author)
  • Joachim Grammig - (Author)
  • Vincent Gregoire - (Author)
  • Björn Hagströmer - (Author)
  • Julien Hambuckers - (Author)
  • Erik Hapnes - (Author)
  • Jeffrey H. Harris - (Author)
  • Lawrence Harris - (Author)
  • Simon Hartmann - (Author)
  • Jean-Baptiste Hasse - (Author)
  • Nikolaus Hautsch - (Author)
  • Tobias Adrian - (Author)
  • Xue-Zhong 'Tony' He - (Author)
  • Davidson Heath - (Author)
  • Simon Hediger - (Author)
  • Terrence J. Hendershott - (Author)
  • Ann Marie Hibbert - (Author)
  • Erik Hjalmarsson - (Author)
  • Seth Hoelscher - (Author)
  • Peter Hoffmann - (Author)
  • Craig W. Holden - (Author)
  • Alex R. Horenstein - (Author)
  • Yacine Ait-Sahalia - (Author)
  • Wenqian Huang - (Author)
  • Da Huang - (Author)
  • Christophe Hurlin - (Author)
  • Alexey Ivashchenko - (Author)
  • Subramanian R. Iyer - (Author)
  • Hossein Jahanshahloo - (Author)
  • Naji Jalkh - (Author)
  • Charles M. Jones - (Author)
  • Simon Jurkatis - (Author)
  • Petri Jylha - (Author)
  • Olivier Akmansoy - (Author)
  • Andreas Kaeck - (Author)
  • Gabriel Kaiser - (Author)
  • Arzé Karam - (Author)
  • Egle Karmaziene - (Author)
  • Bernhard Kassner - (Author)
  • Markku Kaustia - (Author)
  • Ekaterina Kazak - (Author)
  • Fearghal Kearney - (Author)
  • Vincent van Kervel - (Author)
  • Saad Khan - (Author)
  • Jamie Alcock - (Author)
  • Marta Khomyn - (Author)
  • Tony Klein - , Chair of Business Management, esp Finance and Financial Services (Author)
  • Olga Klein - (Author)
  • Alexander Klos - (Author)
  • Michael Koetter - (Author)
  • Jan Pieter Krahnen - (Author)
  • Aleksey Kolokolov - (Author)
  • Robert A. Korajczyk - (Author)
  • Roman Kozhan - (Author)
  • Amy Kwan - (Author)
  • Vitali Alexeev - (Author)
  • Quentin Lajaunie - (Author)
  • Full Yet Eric Campbell Lam - (Author)
  • Marie Lambert - (Author)
  • Hugues Langlois - (Author)
  • Jens Lausen - (Author)
  • Tobias Lauter - (Author)
  • Markus Leippold - (Author)
  • Vladimir Levin - (Author)
  • Yijie Li - (Author)
  • (Michael) Hui Li - (Author)
  • Arash Aloosh - (Author)
  • Chee Yoong Liew - (Author)
  • Thomas Lindner - (Author)
  • Oliver B. Linton - (Author)
  • Jiacheng Liu - (Author)
  • Anqi Liu - (Author)
  • Jesus-Guillermo Llorente-Alvarez - (Author)
  • Matthijs Lof - (Author)
  • Ariel Lohr - (Author)
  • Francis A. Longstaff - (Author)
  • Alejandro Lopez-Lira - (Author)
  • Livia Amato - (Author)
  • Shawn Mankad - (Author)
  • Nicola Mano - (Author)
  • Alexis Marchal - (Author)
  • Charles Martineau - (Author)
  • Francesco Mazzola - (Author)
  • Debrah C Meloso - (Author)
  • Roxana Mihet - (Author)
  • Vijay Mohan - (Author)
  • Sophie Moinas - (Author)
  • David Moore - (Author)
  • Diego Amaya - (Author)
  • Liangyi Mu - (Author)
  • Dmitriy Muravyev - (Author)
  • Dermot Murphy - (Author)
  • Gabor Neszveda - (Author)
  • Christian Neumeier - (Author)
  • Ulf Nielsson - (Author)
  • Mahendrarajah Nimalendran - (Author)
  • Sven Nolte - (Author)
  • Lars L. Nordén - (Author)
  • Peter O'Neill - (Author)
  • James J. Angel - (Author)
  • Khaled Obaid - (Author)
  • Bernt Arne Ødegaard - (Author)
  • Per Östberg - (Author)
  • Marcus Painter - (Author)
  • Stefan Palan - (Author)
  • Imon Palit - (Author)
  • Andreas Park - (Author)
  • Roberto Pascual Gascó - (Author)
  • Paolo Pasquariello - (Author)
  • Lubos Pastor - (Author)
  • Anna Dreber - (Author)
  • Amadeus Bach - (Author)
  • Vinay Patel - (Author)
  • Andrew J. Patton - (Author)
  • Neil D. Pearson - (Author)
  • Loriana Pelizzon - (Author)
  • Matthias Pelster - (Author)
  • Christophe Pérignon - (Author)
  • Cameron Pfiffer - (Author)
  • Richard Philip - (Author)
  • Tomáš Plíhal - (Author)
  • Puneet Prakash - (Author)
  • Edwin Baidoo - (Author)
  • Oliver-Alexander Press - (Author)
  • Tina Prodromou - (Author)
  • Talis J. Putnins - (Author)
  • Gaurav Raizada - (Author)
  • David A. Rakowski - (Author)
  • Angelo Ranaldo - (Author)
  • Luca Regis - (Author)
  • Stefan Reitz - (Author)
  • Thomas Renault - (Author)
  • Renjie Wang - (Author)
  • Gaetan Bakalli - (Author)
  • Roberto Renò - (Author)
  • Steven Riddiough - (Author)
  • Kalle Rinne - (Author)
  • Paul Rintamäki - (Author)
  • Ryan Riordan - (Author)
  • Thomas Rittmannsberger - (Author)
  • Iñaki Rodríguez Longarela - (Author)
  • Dominik Rösch - (Author)
  • Lavinia Rognone - (Author)
  • Brian Roseman - (Author)
  • Andrea Barbon - (Author)
  • Ioanid Rosu - (Author)
  • Saurabh Roy - (Author)
  • Nicolas Rudolf - (Author)
  • Stephen Rush - (Author)
  • Khaladdin Rzayev - (Author)
  • Aleksandra Rzeźnik - (Author)
  • Anthony Sanford - (Author)
  • Harikumar Sankaran - (Author)
  • Asani Sarkar - (Author)
  • Lucio Sarno - (Author)
  • Oksana Bashchenko - (Author)
  • Olivier Scaillet - (Author)
  • Stefan Scharnowski - (Author)
  • Klaus Reiner Schenk-Hoppé - (Author)
  • Andrea Schertler - (Author)
  • Michael Schneider - (Author)
  • Florian Schroeder - (Author)
  • Norman Schürhoff - (Author)
  • Philipp Schuster - (Author)
  • Marco A. Schwarz - (Author)
  • Mark S. Seasholes - (Author)
  • Parampreet Christopher Bindra - (Author)
  • Norman Seeger - (Author)
  • Or Shachar - (Author)
  • Andriy Shkilko - (Author)
  • Jessica Shui - (Author)
  • Mario Sikic - (Author)
  • Giorgia Simion - (Author)
  • Lee A. Smales - (Author)
  • Paul Söderlind - (Author)
  • Elvira Sojli - (Author)
  • Konstantin Sokolov - (Author)
  • Geir Hoidal Bjonnes - (Author)
  • Laima Spokeviciute - (Author)
  • Denitsa Stefanova - (Author)
  • Marti G. Subrahmanyam - (Author)
  • Sebastian Neusüss - (Author)
  • Barnabas Szaszi - (Author)
  • Oleksandr Talavera - (Author)
  • Yuehua Tang - (Author)
  • Nicholas Taylor - (Author)
  • Wing Wah Tham - (Author)
  • Erik Theissen - (Author)
  • Jeffrey R. Black - (Author)
  • Julian Thimme - (Author)
  • Ian Tonks - (Author)
  • Hai Tran - (Author)
  • Luca Trapin - (Author)
  • Anders B. Trolle - (Author)
  • Giorgio Valente - (Author)
  • Robert A. Van Ness - (Author)
  • Aurelio Vasquez - (Author)
  • Thanos Verousis - (Author)
  • Patrick Verwijmeren - (Author)
  • Bernard S. Black - (Author)
  • Anders Vilhelmsson - (Author)
  • Grigory Vilkov - (Author)
  • Vladimir Vladimirov - (Author)
  • Sebastian Vogel - (Author)
  • Stefan Voigt - (Author)
  • Wolf Wagner - (Author)
  • Thomas Walther - , Faculty of Business and Economics (Author)
  • Patrick Weiss - (Author)
  • Michel van der Wel - (Author)
  • Ingrid M. Werner - (Author)
  • Santiago Bohorquez - (Author)
  • P. Joakim Westerholm - (Author)
  • Christian Westheide - (Author)
  • Evert Wipplinger - (Author)
  • Michael Wolf - (Author)
  • Christian C. P. Wolff - (Author)
  • Leonard Wolk - (Author)
  • Wing-Keung Wong - (Author)
  • Jan Wrampelmeyer - (Author)
  • Shuo Xia - (Author)
  • Dacheng Xiu - (Author)
  • Felix Holzmeister - (Author)
  • Oleg Bondarenko - (Author)
  • Ke Xu - (Author)
  • Caihong Xu - (Author)
  • Pradeep K. Yadav - (Author)
  • José Yagüe - (Author)
  • Cheng Yan - (Author)
  • Antti Yang - (Author)
  • Woongsun Yoo - (Author)
  • Wenjia Yu - (Author)
  • Shihao Yu - (Author)
  • Bart Zhou Yueshen - (Author)
  • Charles S. Bos - (Author)
  • Darya Yuferova - (Author)
  • Marcin Zamojski - (Author)
  • Abalfazl Zareei - (Author)
  • Stefan Zeisberger - (Author)
  • Sarah Zhang - (Author)
  • Xiaoyu Zhang - (Author)
  • Zhuo Zhong - (Author)
  • Z. Ivy Zhou - (Author)
  • Chen Zhou - (Author)
  • Xingyu Zhu - (Author)
  • Ciril Bosch-Rosa - (Author)
  • Marius Zoican - (Author)
  • Remco C.J. Zwinkels - (Author)
  • Jian Chen - (Author)
  • Teodor Duevski - (Author)
  • Ge Gao - (Author)
  • Roland Gemayel - (Author)
  • Dudley Gilder - (Author)
  • Paul Kuhle - (Author)
  • Emiliano Pagnotta - (Author)
  • Michele Pelli - (Author)
  • Elie Bouri - (Author)
  • Jantje Sönksen - (Author)
  • Lu Zhang - (Author)
  • Konrad Ilczuk - (Author)
  • Dimitar Bogoev - (Author)
  • Ya Qian - (Author)
  • Hans C. Wika - (Author)
  • Yihe Yu - (Author)
  • Lu Zhao - (Author)
  • Michael Mi - (Author)
  • Li Bao - (Author)
  • Christian T. Brownlees - (Author)
  • Andreea Vaduva - (Author)
  • Marcel Prokopczuk - (Author)
  • Alejandro Avetikian - (Author)
  • Zhen-Xing Wu - (Author)
  • Anna Calamia - (Author)
  • Viet Nga Cao - (Author)
  • Gunther Capelle-Blancard - (Author)
  • Laura Capera - (Author)
  • Massimiliano Caporin - (Author)
  • Juergen Huber - (Author)
  • Allen Carrion - (Author)
  • Tolga Caskurlu - (Author)
  • Bidisha Chakrabarty - (Author)
  • Mikhail Chernov - (Author)
  • William Ming Yan Cheung - (Author)
  • Ludwig B. Chincarini - (Author)
  • Tarun Chordia - (Author)
  • Sheung Chi Chow - (Author)
  • Benjamin Clapham - (Author)
  • Jean-Edouard Colliard - (Author)
  • Magnus Johanneson - (Author)
  • Carole Comerton-Forde - (Author)
  • Edward Curran - (Author)
  • Thong Dao - (Author)
  • Wale Dare - (Author)
  • Ryan J. Davies - (Author)
  • Riccardo De Blasis - (Author)
  • Gianluca De Nard - (Author)
  • Fany Declerck - (Author)
  • Oleg Deev - (Author)
  • Hans Degryse - (Author)
  • Michael Kirchler - (Author)
  • Solomon Deku - (Author)
  • Christophe Desagre - (Author)
  • Mathijs A. Van Dijk - (Author)
  • Chukwuma Dim - (Author)
  • Thomas Dimpfl - (Author)
  • Yun Jiang Dong - (Author)
  • Philip Drummond - (Author)
  • Tom Dudda - , Chair of Business Management, esp Finance and Financial Services (Author)
  • Ariadna Dumitrescu - (Author)
  • Teodor Dyakov - (Author)
  • Michael Razen - (Author)
  • Anne Haubo Dyhrberg - (Author)
  • Michał Dzieliński - (Author)
  • Asli Eksi - (Author)
  • Izidin El Kalak - (Author)
  • Saskia ter Ellen - (Author)
  • Nicolas Eugster - (Author)
  • Martin D.D. Evans - (Author)
  • Michael Farrell - (Author)
  • Ester Félez-Viñas - (Author)
  • Gerardo Ferrara - (Author)
  • Utz Weitzel - (Author)
  • El Mehdi FERROUHI - (Author)
  • Andrea Flori - (Author)
  • Jonathan Fluharty-Jaidee - (Author)
  • Sean Foley - (Author)
  • Kingsley Y. L. Fong - (Author)
  • Thierry Foucault - (Author)
  • Tatiana Franus - (Author)
  • Francesco A. Franzoni - (Author)
  • Bart Frijns - (Author)
  • Michael Frömmel - (Author)
  • David Abad - (Author)
  • Servanna Mianjun Fu - (Author)
  • Sascha Füllbrunn - (Author)
  • Baoqing Gan - (Author)
  • Thomas Gehrig - (Author)
  • Dirk Gerritsen - (Author)
  • Javier Gil-Bazo - (Author)
  • Lawrence R. Glosten - (Author)
  • Thomas Gomez - (Author)
  • Arseny Gorbenko - (Author)
  • Ufuk Güçbilmez - (Author)

Abstract

In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in sample 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: non-standard errors. To study them, we let 164 teams test six hypotheses on the same sample. We find that non-standard errors are sizeable, on par with standard errors. Their size (i) co-varies only weakly with team merits, reproducibility, or peer rating, (ii) declines significantly after peer-feedback, and (iii) is underestimated by participants.

Details

Original languageEnglish
Publication statusPublished - 23 Nov 2021

Publication series

SeriesSSRN eLibrary / Social Science Research Network
ISSN1556-5068
No renderer: customAssociatesEventsRenderPortal,dk.atira.pure.api.shared.model.researchoutput.WorkingPaper

External IDs

ORCID /0000-0003-4359-987X/work/142255145

Keywords

Keywords

  • non-standard errors, multi-analyst approach, liquidity