The pitfalls of the p-value
The p-value is calculated in relation to the null hypothesis, the scenario in which there is no connection between the sets of data being studied. The lower the p-value, the more likely it is that the results are statistically significant and that any observed effects are not due to chance.
However, the p-value threshold at which results can be considered significant is arbitrary when applied in the social sciences. “Ronald Fisher, one of the fathers of contemporary statistics, set the figure at 0.05 [or 5 per cent],” Béland explained.
“He said you could be confident below that threshold. However, it has become a super-rigid standard for interpreting results and deciding whether they are statistically significant, whereas there are many nuances and grey areas in statistics.”
In some disciplines, scientists aim to obtain a p-value of less than 0.05 before claiming to have made a discovery. “But that’s not at all what 0.05 means,” said Béland. “We need to reconsider this interpretation and develop a deeper understanding of how we use statistics.”