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Valid statements based on p-values and Bayes factors.

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posted on 2018-04-25, 17:52 authored by Rink Hoekstra, Rei Monden, Don van Ravenzwaaij, Eric-Jan Wagenmakers

The p-value and the Bayes factor allow fundamentally different statements concerning the null hypothesis. The p-value can be used to make a discrete decision: reject or retain the null hypothesis. The Bayes factor grades the evidence that the data provide for and against the null hypothesis.