Nonstandard Errors

IF 7.6 1区 经济学 Q1 BUSINESS, FINANCE Journal of Finance Pub Date : 2024-04-17 DOI:10.1111/jofi.13337
ALBERT J. MENKVELD, ANNA DREBER, FELIX HOLZMEISTER, JUERGEN HUBER, MAGNUS JOHANNESSON, MICHAEL KIRCHLER, SEBASTIAN NEUSÜß, MICHAEL RAZEN, UTZ WEITZEL, DAVID ABAD-DÍAZ, MENACHEM (MENI) ABUDY, TOBIAS ADRIAN, YACINE AIT-SAHALIA, OLIVIER AKMANSOY, JAMIE T. ALCOCK, VITALI ALEXEEV, ARASH ALOOSH, LIVIA AMATO, DIEGO AMAYA, JAMES J. ANGEL, ALEJANDRO T. AVETIKIAN, AMADEUS BACH, EDWIN BAIDOO, GAETAN BAKALLI, LI BAO, ANDREA BARBON, OKSANA BASHCHENKO, PARAMPREET C. BINDRA, GEIR H. BJØNNES, JEFFREY R. BLACK, BERNARD S. BLACK, DIMITAR BOGOEV, SANTIAGO BOHORQUEZ CORREA, OLEG BONDARENKO, CHARLES S. BOS, CIRIL BOSCH-ROSA, ELIE BOURI, CHRISTIAN BROWNLEES, ANNA CALAMIA, VIET NGA CAO, GUNTHER CAPELLE-BLANCARD, LAURA M. CAPERA ROMERO, MASSIMILIANO CAPORIN, ALLEN CARRION, TOLGA CASKURLU, BIDISHA CHAKRABARTY, JIAN CHEN, MIKHAIL CHERNOV, WILLIAM CHEUNG, LUDWIG B. CHINCARINI, TARUN CHORDIA, SHEUNG-CHI CHOW, BENJAMIN CLAPHAM, JEAN-EDOUARD COLLIARD, CAROLE COMERTON-FORDE, EDWARD CURRAN, THONG DAO, WALE DARE, RYAN J. DAVIES, RICCARDO DE BLASIS, GIANLUCA F. DE NARD, FANY DECLERCK, OLEG DEEV, HANS DEGRYSE, SOLOMON Y. DEKU, CHRISTOPHE DESAGRE, MATHIJS A. VAN DIJK, CHUKWUMA DIM, THOMAS DIMPFL, YUN JIANG DONG, PHILIP A. DRUMMOND, TOM DUDDA, TEODOR DUEVSKI, ARIADNA DUMITRESCU, TEODOR DYAKOV, ANNE HAUBO DYHRBERG, MICHAŁ DZIELIŃSKI, ASLI EKSI, IZIDIN EL KALAK, SASKIA TER ELLEN, NICOLAS EUGSTER, MARTIN D. D. EVANS, MICHAEL FARRELL, ESTER FELEZ-VINAS, GERARDO FERRARA, EL MEHDI FERROUHI, ANDREA FLORI, JONATHAN T. FLUHARTY-JAIDEE, SEAN D. V. FOLEY, KINGSLEY Y. L. FONG, THIERRY FOUCAULT, TATIANA FRANUS, FRANCESCO FRANZONI, BART FRIJNS, MICHAEL FRÖMMEL, SERVANNA M. FU, SASCHA C. FÜLLBRUNN, BAOQING GAN, GE GAO, THOMAS P. GEHRIG, ROLAND GEMAYEL, DIRK GERRITSEN, JAVIER GIL-BAZO, DUDLEY GILDER, LAWRENCE R. GLOSTEN, THOMAS GOMEZ, ARSENY GORBENKO, JOACHIM GRAMMIG, VINCENT GRÉGOIRE, UFUK GÜÇBILMEZ, BJÖRN HAGSTRÖMER, JULIEN HAMBUCKERS, ERIK HAPNES, JEFFREY H. HARRIS, LAWRENCE HARRIS, SIMON HARTMANN, JEAN-BAPTISTE HASSE, NIKOLAUS HAUTSCH, XUE-ZHONG (TONY) HE, DAVIDSON HEATH, SIMON HEDIGER, TERRENCE HENDERSHOTT, ANN MARIE HIBBERT, ERIK HJALMARSSON, SETH A. HOELSCHER, PETER HOFFMANN, CRAIG W. HOLDEN, ALEX R. HORENSTEIN, WENQIAN HUANG, DA HUANG, CHRISTOPHE HURLIN, KONRAD ILCZUK, ALEXEY IVASHCHENKO, SUBRAMANIAN R. IYER, HOSSEIN JAHANSHAHLOO, NAJI JALKH, CHARLES M. JONES, SIMON JURKATIS, PETRI JYLHÄ, ANDREAS T. KAECK, GABRIEL KAISER, ARZÉ KARAM, EGLE KARMAZIENE, BERNHARD KASSNER, MARKKU KAUSTIA, EKATERINA KAZAK, FEARGHAL KEARNEY, VINCENT VAN KERVEL, SAAD A. KHAN, MARTA K. KHOMYN, TONY KLEIN, OLGA KLEIN, ALEXANDER KLOS, MICHAEL KOETTER, ALEKSEY KOLOKOLOV, ROBERT A. KORAJCZYK, ROMAN KOZHAN, JAN P. KRAHNEN, PAUL KUHLE, AMY KWAN, QUENTIN LAJAUNIE, F. Y. ERIC C. LAM, MARIE LAMBERT, HUGUES LANGLOIS, JENS LAUSEN, TOBIAS LAUTER, MARKUS LEIPPOLD, VLADIMIR LEVIN, YIJIE LI, HUI LI, CHEE YOONG LIEW, THOMAS LINDNER, OLIVER LINTON, JIACHENG LIU, ANQI LIU, GUILLERMO LLORENTE, MATTHIJS LOF, ARIEL LOHR, FRANCIS LONGSTAFF, ALEJANDRO LOPEZ-LIRA, SHAWN MANKAD, NICOLA MANO, ALEXIS MARCHAL, CHARLES MARTINEAU, FRANCESCO MAZZOLA, DEBRAH MELOSO, MICHAEL G. MI, ROXANA MIHET, VIJAY MOHAN, SOPHIE MOINAS, DAVID MOORE, LIANGYI MU, DMITRIY MURAVYEV, DERMOT MURPHY, GABOR NESZVEDA, CHRISTIAN NEUMEIER, ULF NIELSSON, MAHENDRARAJAH NIMALENDRAN, SVEN NOLTE, LARS L. NORDEN, PETER O'NEILL, KHALED OBAID, BERNT A. ØDEGAARD, PER ÖSTBERG, EMILIANO PAGNOTTA, MARCUS PAINTER, STEFAN PALAN, IMON J. PALIT, ANDREAS PARK, ROBERTO PASCUAL, PAOLO PASQUARIELLO, LUBOS PASTOR, VINAY PATEL, ANDREW J. PATTON, NEIL D. PEARSON, LORIANA PELIZZON, MICHELE PELLI, MATTHIAS PELSTER, CHRISTOPHE PÉRIGNON, CAMERON PFIFFER, RICHARD PHILIP, TOMÁŠ PLÍHAL, PUNEET PRAKASH, OLIVER-ALEXANDER PRESS, TINA PRODROMOU, MARCEL PROKOPCZUK, TALIS PUTNINS, YA QIAN, GAURAV RAIZADA, DAVID RAKOWSKI, ANGELO RANALDO, LUCA REGIS, STEFAN REITZ, THOMAS RENAULT, REX W. RENJIE, ROBERTO RENO, STEVEN J. RIDDIOUGH, KALLE RINNE, PAUL RINTAMÄKI, RYAN RIORDAN, THOMAS RITTMANNSBERGER, IÑAKI RODRÍGUEZ LONGARELA, DOMINIK ROESCH, LAVINIA ROGNONE, BRIAN ROSEMAN, IOANID ROŞU, SAURABH ROY, NICOLAS RUDOLF, STEPHEN R. RUSH, KHALADDIN RZAYEV, ALEKSANDRA A. RZEŹNIK, ANTHONY SANFORD, HARIKUMAR SANKARAN, ASANI SARKAR, LUCIO SARNO, OLIVIER SCAILLET, STEFAN SCHARNOWSKI, KLAUS R. SCHENK-HOPPÉ, ANDREA SCHERTLER, MICHAEL SCHNEIDER, FLORIAN SCHROEDER, NORMAN SCHÜRHOFF, PHILIPP SCHUSTER, MARCO A. SCHWARZ, MARK S. SEASHOLES, NORMAN J. SEEGER, OR SHACHAR, ANDRIY SHKILKO, JESSICA SHUI, MARIO SIKIC, GIORGIA SIMION, LEE A. SMALES, PAUL SÖDERLIND, ELVIRA SOJLI, KONSTANTIN SOKOLOV, JANTJE SÖNKSEN, LAIMA SPOKEVICIUTE, DENITSA STEFANOVA, MARTI G. SUBRAHMANYAM, BARNABAS SZASZI, OLEKSANDR TALAVERA, YUEHUA TANG, NICK TAYLOR, WING WAH THAM, ERIK THEISSEN, JULIAN THIMME, IAN TONKS, HAI TRAN, LUCA TRAPIN, ANDERS B. TROLLE, M. ANDREEA VADUVA, GIORGIO VALENTE, ROBERT A. VAN NESS, AURELIO VASQUEZ, THANOS VEROUSIS, PATRICK VERWIJMEREN, ANDERS VILHELMSSON, GRIGORY VILKOV, VLADIMIR VLADIMIROV, SEBASTIAN VOGEL, STEFAN VOIGT, WOLF WAGNER, THOMAS WALTHER, PATRICK WEISS, MICHEL VAN DER WEL, INGRID M. WERNER, P. JOAKIM WESTERHOLM, CHRISTIAN WESTHEIDE, HANS C. WIKA, EVERT WIPPLINGER, MICHAEL WOLF, CHRISTIAN C. P. WOLFF, LEONARD WOLK, WING-KEUNG WONG, JAN WRAMPELMEYER, ZHEN-XING WU, SHUO XIA, DACHENG XIU, KE XU, CAIHONG XU, PRADEEP K. YADAV, JOSÉ YAGÜE, CHENG YAN, ANTTI YANG, WOONGSUN YOO, WENJIA YU, YIHE YU, SHIHAO YU, BART Z. YUESHEN, DARYA YUFEROVA, MARCIN ZAMOJSKI, ABALFAZL ZAREEI, STEFAN M. ZEISBERGER, LU ZHANG, S. SARAH ZHANG, XIAOYU ZHANG, LU ZHAO, ZHUO ZHONG, Z. IVY ZHOU, CHEN ZHOU, XINGYU S. ZHU, MARIUS ZOICAN, REMCO ZWINKELS
{"title":"Nonstandard Errors","authors":"ALBERT J. MENKVELD,&nbsp;ANNA DREBER,&nbsp;FELIX HOLZMEISTER,&nbsp;JUERGEN HUBER,&nbsp;MAGNUS JOHANNESSON,&nbsp;MICHAEL KIRCHLER,&nbsp;SEBASTIAN NEUSÜß,&nbsp;MICHAEL RAZEN,&nbsp;UTZ WEITZEL,&nbsp;DAVID ABAD-DÍAZ,&nbsp;MENACHEM (MENI) ABUDY,&nbsp;TOBIAS ADRIAN,&nbsp;YACINE AIT-SAHALIA,&nbsp;OLIVIER AKMANSOY,&nbsp;JAMIE T. ALCOCK,&nbsp;VITALI ALEXEEV,&nbsp;ARASH ALOOSH,&nbsp;LIVIA AMATO,&nbsp;DIEGO AMAYA,&nbsp;JAMES J. ANGEL,&nbsp;ALEJANDRO T. AVETIKIAN,&nbsp;AMADEUS BACH,&nbsp;EDWIN BAIDOO,&nbsp;GAETAN BAKALLI,&nbsp;LI BAO,&nbsp;ANDREA BARBON,&nbsp;OKSANA BASHCHENKO,&nbsp;PARAMPREET C. BINDRA,&nbsp;GEIR H. BJØNNES,&nbsp;JEFFREY R. BLACK,&nbsp;BERNARD S. BLACK,&nbsp;DIMITAR BOGOEV,&nbsp;SANTIAGO BOHORQUEZ CORREA,&nbsp;OLEG BONDARENKO,&nbsp;CHARLES S. BOS,&nbsp;CIRIL BOSCH-ROSA,&nbsp;ELIE BOURI,&nbsp;CHRISTIAN BROWNLEES,&nbsp;ANNA CALAMIA,&nbsp;VIET NGA CAO,&nbsp;GUNTHER CAPELLE-BLANCARD,&nbsp;LAURA M. CAPERA ROMERO,&nbsp;MASSIMILIANO CAPORIN,&nbsp;ALLEN CARRION,&nbsp;TOLGA CASKURLU,&nbsp;BIDISHA CHAKRABARTY,&nbsp;JIAN CHEN,&nbsp;MIKHAIL CHERNOV,&nbsp;WILLIAM CHEUNG,&nbsp;LUDWIG B. CHINCARINI,&nbsp;TARUN CHORDIA,&nbsp;SHEUNG-CHI CHOW,&nbsp;BENJAMIN CLAPHAM,&nbsp;JEAN-EDOUARD COLLIARD,&nbsp;CAROLE COMERTON-FORDE,&nbsp;EDWARD CURRAN,&nbsp;THONG DAO,&nbsp;WALE DARE,&nbsp;RYAN J. DAVIES,&nbsp;RICCARDO DE BLASIS,&nbsp;GIANLUCA F. DE NARD,&nbsp;FANY DECLERCK,&nbsp;OLEG DEEV,&nbsp;HANS DEGRYSE,&nbsp;SOLOMON Y. DEKU,&nbsp;CHRISTOPHE DESAGRE,&nbsp;MATHIJS A. VAN DIJK,&nbsp;CHUKWUMA DIM,&nbsp;THOMAS DIMPFL,&nbsp;YUN JIANG DONG,&nbsp;PHILIP A. DRUMMOND,&nbsp;TOM DUDDA,&nbsp;TEODOR DUEVSKI,&nbsp;ARIADNA DUMITRESCU,&nbsp;TEODOR DYAKOV,&nbsp;ANNE HAUBO DYHRBERG,&nbsp;MICHAŁ DZIELIŃSKI,&nbsp;ASLI EKSI,&nbsp;IZIDIN EL KALAK,&nbsp;SASKIA TER ELLEN,&nbsp;NICOLAS EUGSTER,&nbsp;MARTIN D. D. EVANS,&nbsp;MICHAEL FARRELL,&nbsp;ESTER FELEZ-VINAS,&nbsp;GERARDO FERRARA,&nbsp;EL MEHDI FERROUHI,&nbsp;ANDREA FLORI,&nbsp;JONATHAN T. FLUHARTY-JAIDEE,&nbsp;SEAN D. V. FOLEY,&nbsp;KINGSLEY Y. L. FONG,&nbsp;THIERRY FOUCAULT,&nbsp;TATIANA FRANUS,&nbsp;FRANCESCO FRANZONI,&nbsp;BART FRIJNS,&nbsp;MICHAEL FRÖMMEL,&nbsp;SERVANNA M. FU,&nbsp;SASCHA C. FÜLLBRUNN,&nbsp;BAOQING GAN,&nbsp;GE GAO,&nbsp;THOMAS P. GEHRIG,&nbsp;ROLAND GEMAYEL,&nbsp;DIRK GERRITSEN,&nbsp;JAVIER GIL-BAZO,&nbsp;DUDLEY GILDER,&nbsp;LAWRENCE R. GLOSTEN,&nbsp;THOMAS GOMEZ,&nbsp;ARSENY GORBENKO,&nbsp;JOACHIM GRAMMIG,&nbsp;VINCENT GRÉGOIRE,&nbsp;UFUK GÜÇBILMEZ,&nbsp;BJÖRN HAGSTRÖMER,&nbsp;JULIEN HAMBUCKERS,&nbsp;ERIK HAPNES,&nbsp;JEFFREY H. HARRIS,&nbsp;LAWRENCE HARRIS,&nbsp;SIMON HARTMANN,&nbsp;JEAN-BAPTISTE HASSE,&nbsp;NIKOLAUS HAUTSCH,&nbsp;XUE-ZHONG (TONY) HE,&nbsp;DAVIDSON HEATH,&nbsp;SIMON HEDIGER,&nbsp;TERRENCE HENDERSHOTT,&nbsp;ANN MARIE HIBBERT,&nbsp;ERIK HJALMARSSON,&nbsp;SETH A. HOELSCHER,&nbsp;PETER HOFFMANN,&nbsp;CRAIG W. HOLDEN,&nbsp;ALEX R. HORENSTEIN,&nbsp;WENQIAN HUANG,&nbsp;DA HUANG,&nbsp;CHRISTOPHE HURLIN,&nbsp;KONRAD ILCZUK,&nbsp;ALEXEY IVASHCHENKO,&nbsp;SUBRAMANIAN R. IYER,&nbsp;HOSSEIN JAHANSHAHLOO,&nbsp;NAJI JALKH,&nbsp;CHARLES M. JONES,&nbsp;SIMON JURKATIS,&nbsp;PETRI JYLHÄ,&nbsp;ANDREAS T. KAECK,&nbsp;GABRIEL KAISER,&nbsp;ARZÉ KARAM,&nbsp;EGLE KARMAZIENE,&nbsp;BERNHARD KASSNER,&nbsp;MARKKU KAUSTIA,&nbsp;EKATERINA KAZAK,&nbsp;FEARGHAL KEARNEY,&nbsp;VINCENT VAN KERVEL,&nbsp;SAAD A. KHAN,&nbsp;MARTA K. KHOMYN,&nbsp;TONY KLEIN,&nbsp;OLGA KLEIN,&nbsp;ALEXANDER KLOS,&nbsp;MICHAEL KOETTER,&nbsp;ALEKSEY KOLOKOLOV,&nbsp;ROBERT A. KORAJCZYK,&nbsp;ROMAN KOZHAN,&nbsp;JAN P. KRAHNEN,&nbsp;PAUL KUHLE,&nbsp;AMY KWAN,&nbsp;QUENTIN LAJAUNIE,&nbsp;F. Y. ERIC C. LAM,&nbsp;MARIE LAMBERT,&nbsp;HUGUES LANGLOIS,&nbsp;JENS LAUSEN,&nbsp;TOBIAS LAUTER,&nbsp;MARKUS LEIPPOLD,&nbsp;VLADIMIR LEVIN,&nbsp;YIJIE LI,&nbsp;HUI LI,&nbsp;CHEE YOONG LIEW,&nbsp;THOMAS LINDNER,&nbsp;OLIVER LINTON,&nbsp;JIACHENG LIU,&nbsp;ANQI LIU,&nbsp;GUILLERMO LLORENTE,&nbsp;MATTHIJS LOF,&nbsp;ARIEL LOHR,&nbsp;FRANCIS LONGSTAFF,&nbsp;ALEJANDRO LOPEZ-LIRA,&nbsp;SHAWN MANKAD,&nbsp;NICOLA MANO,&nbsp;ALEXIS MARCHAL,&nbsp;CHARLES MARTINEAU,&nbsp;FRANCESCO MAZZOLA,&nbsp;DEBRAH MELOSO,&nbsp;MICHAEL G. MI,&nbsp;ROXANA MIHET,&nbsp;VIJAY MOHAN,&nbsp;SOPHIE MOINAS,&nbsp;DAVID MOORE,&nbsp;LIANGYI MU,&nbsp;DMITRIY MURAVYEV,&nbsp;DERMOT MURPHY,&nbsp;GABOR NESZVEDA,&nbsp;CHRISTIAN NEUMEIER,&nbsp;ULF NIELSSON,&nbsp;MAHENDRARAJAH NIMALENDRAN,&nbsp;SVEN NOLTE,&nbsp;LARS L. NORDEN,&nbsp;PETER O'NEILL,&nbsp;KHALED OBAID,&nbsp;BERNT A. ØDEGAARD,&nbsp;PER ÖSTBERG,&nbsp;EMILIANO PAGNOTTA,&nbsp;MARCUS PAINTER,&nbsp;STEFAN PALAN,&nbsp;IMON J. PALIT,&nbsp;ANDREAS PARK,&nbsp;ROBERTO PASCUAL,&nbsp;PAOLO PASQUARIELLO,&nbsp;LUBOS PASTOR,&nbsp;VINAY PATEL,&nbsp;ANDREW J. PATTON,&nbsp;NEIL D. PEARSON,&nbsp;LORIANA PELIZZON,&nbsp;MICHELE PELLI,&nbsp;MATTHIAS PELSTER,&nbsp;CHRISTOPHE PÉRIGNON,&nbsp;CAMERON PFIFFER,&nbsp;RICHARD PHILIP,&nbsp;TOMÁŠ PLÍHAL,&nbsp;PUNEET PRAKASH,&nbsp;OLIVER-ALEXANDER PRESS,&nbsp;TINA PRODROMOU,&nbsp;MARCEL PROKOPCZUK,&nbsp;TALIS PUTNINS,&nbsp;YA QIAN,&nbsp;GAURAV RAIZADA,&nbsp;DAVID RAKOWSKI,&nbsp;ANGELO RANALDO,&nbsp;LUCA REGIS,&nbsp;STEFAN REITZ,&nbsp;THOMAS RENAULT,&nbsp;REX W. RENJIE,&nbsp;ROBERTO RENO,&nbsp;STEVEN J. RIDDIOUGH,&nbsp;KALLE RINNE,&nbsp;PAUL RINTAMÄKI,&nbsp;RYAN RIORDAN,&nbsp;THOMAS RITTMANNSBERGER,&nbsp;IÑAKI RODRÍGUEZ LONGARELA,&nbsp;DOMINIK ROESCH,&nbsp;LAVINIA ROGNONE,&nbsp;BRIAN ROSEMAN,&nbsp;IOANID ROŞU,&nbsp;SAURABH ROY,&nbsp;NICOLAS RUDOLF,&nbsp;STEPHEN R. RUSH,&nbsp;KHALADDIN RZAYEV,&nbsp;ALEKSANDRA A. RZEŹNIK,&nbsp;ANTHONY SANFORD,&nbsp;HARIKUMAR SANKARAN,&nbsp;ASANI SARKAR,&nbsp;LUCIO SARNO,&nbsp;OLIVIER SCAILLET,&nbsp;STEFAN SCHARNOWSKI,&nbsp;KLAUS R. SCHENK-HOPPÉ,&nbsp;ANDREA SCHERTLER,&nbsp;MICHAEL SCHNEIDER,&nbsp;FLORIAN SCHROEDER,&nbsp;NORMAN SCHÜRHOFF,&nbsp;PHILIPP SCHUSTER,&nbsp;MARCO A. SCHWARZ,&nbsp;MARK S. SEASHOLES,&nbsp;NORMAN J. SEEGER,&nbsp;OR SHACHAR,&nbsp;ANDRIY SHKILKO,&nbsp;JESSICA SHUI,&nbsp;MARIO SIKIC,&nbsp;GIORGIA SIMION,&nbsp;LEE A. SMALES,&nbsp;PAUL SÖDERLIND,&nbsp;ELVIRA SOJLI,&nbsp;KONSTANTIN SOKOLOV,&nbsp;JANTJE SÖNKSEN,&nbsp;LAIMA SPOKEVICIUTE,&nbsp;DENITSA STEFANOVA,&nbsp;MARTI G. SUBRAHMANYAM,&nbsp;BARNABAS SZASZI,&nbsp;OLEKSANDR TALAVERA,&nbsp;YUEHUA TANG,&nbsp;NICK TAYLOR,&nbsp;WING WAH THAM,&nbsp;ERIK THEISSEN,&nbsp;JULIAN THIMME,&nbsp;IAN TONKS,&nbsp;HAI TRAN,&nbsp;LUCA TRAPIN,&nbsp;ANDERS B. TROLLE,&nbsp;M. ANDREEA VADUVA,&nbsp;GIORGIO VALENTE,&nbsp;ROBERT A. VAN NESS,&nbsp;AURELIO VASQUEZ,&nbsp;THANOS VEROUSIS,&nbsp;PATRICK VERWIJMEREN,&nbsp;ANDERS VILHELMSSON,&nbsp;GRIGORY VILKOV,&nbsp;VLADIMIR VLADIMIROV,&nbsp;SEBASTIAN VOGEL,&nbsp;STEFAN VOIGT,&nbsp;WOLF WAGNER,&nbsp;THOMAS WALTHER,&nbsp;PATRICK WEISS,&nbsp;MICHEL VAN DER WEL,&nbsp;INGRID M. WERNER,&nbsp;P. JOAKIM WESTERHOLM,&nbsp;CHRISTIAN WESTHEIDE,&nbsp;HANS C. WIKA,&nbsp;EVERT WIPPLINGER,&nbsp;MICHAEL WOLF,&nbsp;CHRISTIAN C. P. WOLFF,&nbsp;LEONARD WOLK,&nbsp;WING-KEUNG WONG,&nbsp;JAN WRAMPELMEYER,&nbsp;ZHEN-XING WU,&nbsp;SHUO XIA,&nbsp;DACHENG XIU,&nbsp;KE XU,&nbsp;CAIHONG XU,&nbsp;PRADEEP K. YADAV,&nbsp;JOSÉ YAGÜE,&nbsp;CHENG YAN,&nbsp;ANTTI YANG,&nbsp;WOONGSUN YOO,&nbsp;WENJIA YU,&nbsp;YIHE YU,&nbsp;SHIHAO YU,&nbsp;BART Z. YUESHEN,&nbsp;DARYA YUFEROVA,&nbsp;MARCIN ZAMOJSKI,&nbsp;ABALFAZL ZAREEI,&nbsp;STEFAN M. ZEISBERGER,&nbsp;LU ZHANG,&nbsp;S. SARAH ZHANG,&nbsp;XIAOYU ZHANG,&nbsp;LU ZHAO,&nbsp;ZHUO ZHONG,&nbsp;Z. IVY ZHOU,&nbsp;CHEN ZHOU,&nbsp;XINGYU S. ZHU,&nbsp;MARIUS ZOICAN,&nbsp;REMCO ZWINKELS","doi":"10.1111/jofi.13337","DOIUrl":null,"url":null,"abstract":"<p>In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across researchers adds uncertainty—nonstandard errors (NSEs). We study NSEs by letting 164 teams test the same hypotheses on the same data. NSEs turn out to be sizable, but smaller for more reproducible or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is underestimated by participants.</p>","PeriodicalId":15753,"journal":{"name":"Journal of Finance","volume":"79 3","pages":"2339-2390"},"PeriodicalIF":7.6000,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jofi.13337","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Finance","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/jofi.13337","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across researchers adds uncertainty—nonstandard errors (NSEs). We study NSEs by letting 164 teams test the same hypotheses on the same data. NSEs turn out to be sizable, but smaller for more reproducible or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is underestimated by participants.

Abstract Image

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
非标准错误
在统计学中，样本是在数据生成过程 (DGP) 中从人口中抽取的。标准误差衡量人口参数估计的不确定性。在科学中，在证据生成过程（EGP）中生成证据来检验假设。我们认为，不同研究人员之间的 EGP 差异增加了不确定性--非标准误差（NSE）。我们通过让 164 个团队用相同的数据测试相同的假设来研究 NSE。结果表明，NSE 是相当大的，但对于可重复性更高或评级更高的研究而言，NSE 则较小。增加同行评审阶段会减少 NSE。我们进一步发现，参与者低估了这类不确定性。
本文章由计算机程序翻译，如有差异，请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
Journal of Finance
Journal of Finance Multiple-
CiteScore
12.90
自引率
2.50%
发文量
88
期刊介绍： The Journal of Finance is a renowned publication that disseminates cutting-edge research across all major fields of financial inquiry. Widely regarded as the most cited academic journal in finance, each issue reaches over 8,000 academics, finance professionals, libraries, government entities, and financial institutions worldwide. Published bi-monthly, the journal serves as the official publication of The American Finance Association, the premier academic organization dedicated to advancing knowledge and understanding in financial economics. Join us in exploring the forefront of financial research and scholarship.
期刊最新文献
The Global Credit Spread Puzzle Bank Funding Risk, Reference Rates, and Credit Supply The Disappearing Index Effect Decentralized Exchange: The Uniswap Automated Market Maker Test Assets and Weak Factors
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们：info@booksci.cn
Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1