Closed

The Irreproducibility Crisis and the Lehman Crash

more_vert
  • Feb 07, 2020
  • 07:00 Pacific Time (US & Canada)

Recordings

Description

Barry Smith, SUNY Distinguished Professor of Philosophy and Julian Park Chair, Philosophy Department, University at Buffalo joins the Independent Institute for a lively discussion on Friday February 7th at 7pm PST.


Multiple initiatives have been launched to address the replication crisis in social sciences and elsewhere. I will summarize their proposed strategies and identify some obstacles to their widespread adoption. Pre-registration is frequently regarded as a silver bullet, but I will show that pre-registration will fail so long as scientists are allowed to use their own terminology to describe the experiments they plan to perform and the data they plan to collect. I will conclude by pointing to an analogous failure in the domain of finance, and describe attempts there to avoid repetition of financial crises such as the Lehman crash."

Please login to read and post comments and questions
LOGIN