Professional Development Workshop
Academy of Management Conference
Sponsors: RM, BPS, OMT
Why We All Should Be Bayesians: Opportunities of Bayesian Statistics for Management Research
David Krackhardt (Carnegie Mellon University)
William H. Starbuck (University of Oregon)
Miguel Sousa Lobo (INSEAD)
Andreas Schwab (Iowa State University)
Friday, Aug 9, 2013 at 10:15 AM - 12:15 PM
WDW Coronado Springs Resort, Coronado M,N,P
Academy of Management Conference in Orlando, FL
This workshop introduces management researchers to the opportunities of Bayesian statistics for empirical research in the management sciences. We will outline the fundamental features of the Bayesian method without delving into the mathematical details. Instead, we will first outline the conceptual differences and potential advantages of a Bayesian approach compared to traditional statistical analyses involving null-hypothesis significance tests (NHSTs). We will then show examples from empirical management research that illustrate Bayesian data analysis. Finally, we will discuss why in spite of strong arguments supporting the use of Bayesian statistics, the field of management research has been very reluctant considering Bayesian analysis as an alternative. The purpose of this workshop is to convince participants of the potential opportunities Bayesian methods can provide and to enable organizational researchers to apply these methods in future research.
No pre-registration is required to attend this session.
For further information on this session, please contact Andreas Schwab (aschwab@iastate.edu).