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Journal ArticleDOI

Research Commentary---Too Big to Fail: Large Samples and the p-Value Problem

TLDR
This research commentary recommends a series of actions the researcher can take to mitigate the p-value problem in large samples and illustrates them with an example of over 300,000 camera sales on eBay.
Abstract
The Internet has provided IS researchers with the opportunity to conduct studies with extremely large samples, frequently well over 10,000 observations. There are many advantages to large samples, but researchers using statistical inference must be aware of the p-value problem associated with them. In very large samples, p-values go quickly to zero, and solely relying on p-values can lead the researcher to claim support for results of no practical significance. In a survey of large sample IS research, we found that a significant number of papers rely on a low p-value and the sign of a regression coefficient alone to support their hypotheses. This research commentary recommends a series of actions the researcher can take to mitigate the p-value problem in large samples and illustrates them with an example of over 300,000 camera sales on eBay. We believe that addressing the p-value problem will increase the credibility of large sample IS research as well as provide more insights for readers.

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Citations
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Journal ArticleDOI

Big Data Research in Information Systems: Toward an Inclusive Research Agenda

TL;DR: A first step toward an inclusive big data research agenda for IS is offered by focusing on the interplay between big data’s characteristics, the information value chain encompassing people-process-technology, and the three dominant IS research traditions (behavioral, design, and economics of IS).
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Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success:

TL;DR: In this paper, the authors draw on information economics to examine when signals and endorsements obtained from multiple information sources enhance or diminish one another's effects, and propose that signals from different information sources can have different effects.
Journal ArticleDOI

Thinking green, buying green? Drivers of pro-environmental purchasing behavior

TL;DR: In this article, a two-step structural equation modeling approach was applied to test both the measurement and the structural model to identify major antecedents of everyday green purchasing behavior and for determining their relative importance.
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Sample size, power and effect size revisited: simplified and practical approaches in pre-clinical, clinical and laboratory studies.

TL;DR: In this article, the importance of sample size and its relationship to effect size (ES) and statistical significance is discussed. But, there is no straightforward way of calculating the effective sample size for reaching an accurate conclusion, and use of a statistically incorrect sample size may lead to inadequate results in both clinical and laboratory studies.
References
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Journal ArticleDOI

Statistical Significance, Result Importance, and Result Generalizability: Three Noteworthy But Somewhat Different Issues

TL;DR: In this paper, the authors discuss statistical significance, importance, and generalizability of results in counseling and development, focusing on three noteworthy but somewhat different issues: statistical importance, importance and relevance.
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Using Transaction Prices to Re-Examine Price Dispersion in Electronic Markets

TL;DR: It is found that price dispersion in the electronic market is as low as 0.22%, which is substantially less than that reported in the existing literature and suggests that in some electronic markets the “law of one price” can prevail when the authors consider transaction prices, instead of posted prices.
Posted Content

Electronic and Physical Market Channels: A Multi-Year Investigation in a Market for Products of Uncertain Quality

TL;DR: Examination of buyer and seller use of electronic and physical channels in a market for products of uncertain quality (used vehicles) over a 2.5-year period indicates that transactions involving low quality uncertainty and relatively rare products occurred in the electronic channels, whereas transactions involving high quality Uncertainty and relatively plentiful products occur in the physical channels.
Journal ArticleDOI

Electronic and Physical Market Channels: A Multiyear Investigation in a Market for Products of Uncertain Quality

TL;DR: In this article, the authors examined buyer and seller use of electronic and physical channels in a market for products of uncertain quality (used vehicles) over a 2.5-year period.
Journal ArticleDOI

Problem Solving: A Statistician's Guide

TL;DR: The strife for simplicity is indeed one of the most significant developments in a statistics course over the past 25 years, even more important than the generalised use of computers in the manipulation of data.
Trending Questions (1)
What are the positives of large samples in research?

Large samples in research provide researchers with more statistical power, increased generalizability of findings, and the ability to detect smaller effect sizes.