UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

In a World of Big Data, Small Effects Can Still Matter: A Reply to Boyce, Daly, Hounkpatin, and Wood (2017)

Matz, SC; Gladstone, JJ; Stillwell, D; (2017) In a World of Big Data, Small Effects Can Still Matter: A Reply to Boyce, Daly, Hounkpatin, and Wood (2017). Psychological Science , 28 (4) pp. 547-550. 10.1177/0956797617697445. Green open access

[thumbnail of Gladstone_Matz et al. Commentary Response R2.pdf]
Preview
Text
Gladstone_Matz et al. Commentary Response R2.pdf - Accepted version

Download (179kB) | Preview

Abstract

We make three points in response to Boyce, Daly, Hounkpatin, and Wood (2017). First, we clarify a misunderstanding of the goal of our analyses, which was to investigate the links between life satisfaction and spending patterns, rather than spending volume. Second, we report a simulation study we ran to demonstrate that our results were not driven by the proposed statistical artifact. Finally, we discuss the broader issue of why, in a world of big data, small but reliable effect sizes can be valuable.

Type: Article
Title: In a World of Big Data, Small Effects Can Still Matter: A Reply to Boyce, Daly, Hounkpatin, and Wood (2017)
Open access status: An open access version is available from UCL Discovery
DOI: 10.1177/0956797617697445
Publisher version: http://dx.doi.org/10.1177/0956797617697445
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management
URI: https://discovery.ucl.ac.uk/id/eprint/1551520
Downloads since deposit
211Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item