And the solution you suggest is to just go with p=0.05 and pretend this problem isn’t unavoidable, right?
I think I specifically said that variance matters. I’ll also say that your application matters—when choosing beers, I would be OK with p much worse than 0.05 since I can afford to order another beer. When choosing charities, it is a harder question.
And the solution you suggest is to just go with p=0.05 and pretend this problem isn’t unavoidable, right?
I think I specifically said that variance matters. I’ll also say that your application matters—when choosing beers, I would be OK with p much worse than 0.05 since I can afford to order another beer. When choosing charities, it is a harder question.