Judgment and decision making research overwhelmingly uses null hypothesis significance testing as the basis for statistical inference. This article examines an alternative, Bayesian approach which emphasizes the choice between two competing hypotheses and quantifies the balance of evidence provided by the data—one consequence of which is that experimental results may be taken to strongly favour the null hypothesis. We apply a recently-developed “Bayesian t-test” to existing studies of the anchoring effect in judgment, and examine how the change in approach affects both the tone of hypothesis testing and the substantive conclusions that one draws. We compare the Bayesian approach with Fisherian and Neyman-Pearson testing, examining its relationship to conventional p-values, the influence of effect size, and the importance of prior beliefs about the likely state of nature. The results give a sense of how Bayesian hypothesis testing might be applied to judgment and decision making research, and of both the advantages and challenges that a shift to this approach would entail.

Null hypothesis significance testing (NHST) forms the backbone of statistical inference in invasive plant science. Over 95% of research articles in Invasive Plant Science and Management report NHST results such as P-values or statistics closely related to P-values such as least significant differences. Unfortunately, NHST results are less informative than their ubiquity implies. P-values are hard to interpret and are regularly misinterpreted. Also, P-values do not provide estimates of the magnitudes and uncertainties of studied effects, and these effect size estimates are what invasive plant scientists care about most. In this paper, we reanalyze four datasets (two of our own and two of our colleagues; studies put forth as examples in this paper are used with permission of their authors) to illustrate limitations of NHST. The re-analyses are used to build a case for confidence intervals as preferable alternatives to P-values. Confidence intervals indicate effect sizes, and compared to P-values, confidence intervals provide more complete, intuitively appealing information on what data do/do not indicate.