The key figure here is harrowing. For p<0.05, the false positive rate is always >33% if prior odds are 1:10!
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New Nature Human Behavior paper: 72 of us make the case to redefine statistical significance from .05 to .005. osf.io/mky9j
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Looks interesting, but can you explain (or link to) what “prior odds” are? So far I don't understand the chart.
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Our initial estimate for Pr(H1)/Pr(H0), based on our own beliefs, scientific consensus, etc. en.wikipedia.org/wiki/Prior_pro
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