Nature has published a nice editorial about how “One of scientists’ favourite statistics — the P value — should face tougher standards, say leading researchers.”

Read here the entire editorial.

“Researchers just don’t realize how weak the evidence is when the P value is 0.05,” says Daniel Benjamin, one of the paper’s co-lead authors and an economist at the University of Southern California in Los Angeles. He thinks that claims with P values between 0.05 and 0.005 should be treated merely as “suggestive evidence” instead of established knowledge.