The American Statistical Association makes a statement on p-values
This deserves to be read, re-read, re-re-read, and taken to heart. The ASA makes their statement on p-values.
Some key points:
p-values by themselves offer very little information on the utility of a model, the truth of a statement, or what is behind a data process
Full documentation and transparency of data collection, handling, and analysis are essential to interpret results
This full transparency has not taken place historically for many reasons
Multiple comparisons, even if done informally, affect the interpretation of a p-value
Replicability and reproducibility are essential for scientific progress, and this full transparency is essential to replicability and reproducibility
Hopefully this statement will drive field journals, professors, and regulators to consider more than the p-value (the FDA in fact already does consider more than the p-value, but they still want to see that 0.05 threshold met twice in most cases).
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