Could It Be Better to Discard 90% of the Data? A Statistical Paradox

T. D. Stanley T. D. Stanley is Bill and Connie Bowen Odyssey Professor, Department of Economics, Hendrix College, 1600 Washington St., Conway, AR 72032 . Stephen B. Jarrell is Professor, Department of Global Management and Strategy, College of Business, Western Carolina University, Cullowhee, NC 28723 . Hristos Doucouliagos is Professor, School of Accounting, Economics and Finance, Deakin University, 221 Burwood Highway, Burwood, 3125, Victoria, Australia . The authors are grateful to the editors, an anonymous referee, and the participants of the Aarhus Colloquium of Meta-Analysis in Economics, September 27–30, 2007 for their helpful suggestions and generous comments. We also acknowledge the support of a U.S. Environmental Protection Agency STAR (Science To Achieve Results) grant RD-832-421-01. Although the research has been funded in part by the US-EPA, it has not been subjected to the Agency’s peer and policy review and therefore does not necessarily reflect the views of the Agency. Any remaining error or omission is solely our responsibility.

Stephen B. Jarrell T. D. Stanley is Bill and Connie Bowen Odyssey Professor, Department of Economics, Hendrix College, 1600 Washington St., Conway, AR 72032 . Stephen B. Jarrell is Professor, Department of Global Management and Strategy, College of Business, Western Carolina University, Cullowhee, NC 28723 . Hristos Doucouliagos is Professor, School of Accounting, Economics and Finance, Deakin University, 221 Burwood Highway, Burwood, 3125, Victoria, Australia . The authors are grateful to the editors, an anonymous referee, and the participants of the Aarhus Colloquium of Meta-Analysis in Economics, September 27–30, 2007 for their helpful suggestions and generous comments. We also acknowledge the support of a U.S. Environmental Protection Agency STAR (Science To Achieve Results) grant RD-832-421-01. Although the research has been funded in part by the US-EPA, it has not been subjected to the Agency’s peer and policy review and therefore does not necessarily reflect the views of the Agency. Any remaining error or omission is solely our responsibility.

Hristos Doucouliagos T. D. Stanley is Bill and Connie Bowen Odyssey Professor, Department of Economics, Hendrix College, 1600 Washington St., Conway, AR 72032 . Stephen B. Jarrell is Professor, Department of Global Management and Strategy, College of Business, Western Carolina University, Cullowhee, NC 28723 . Hristos Doucouliagos is Professor, School of Accounting, Economics and Finance, Deakin University, 221 Burwood Highway, Burwood, 3125, Victoria, Australia . The authors are grateful to the editors, an anonymous referee, and the participants of the Aarhus Colloquium of Meta-Analysis in Economics, September 27–30, 2007 for their helpful suggestions and generous comments. We also acknowledge the support of a U.S. Environmental Protection Agency STAR (Science To Achieve Results) grant RD-832-421-01. Although the research has been funded in part by the US-EPA, it has not been subjected to the Agency’s peer and policy review and therefore does not necessarily reflect the views of the Agency. Any remaining error or omission is solely our responsibility.

Could It Be Better to Discard 90% of the Data? A Statistical Paradox

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Could It Be Better to Discard 90% of the Data? A Statistical Paradox

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