“A storm of online criticism has roiled the two largest fantasy-sports companies in North America,” writes Wall Street Journal reporter Sarah E. Needleman.
Three stories in the Washington Post show why compliance with federal information quality guidelines ought to be mandatory.
Laura Meckler of the Wall Street Journal reports that Sen. Bernie Sanders’ proposals to date would increase federal spending $18 trillion over ten years, “an increase of about one third in total federal outlays.”
There are a number of reasons for skepticism concerning these estimates, but missing from the usual list is the fact that regulation is a substitute for government expenditure.
A key principle in the federal Information Quality Act and its accompanying government-wide guidelines is the disclosure of sufficient information that qualified third parties can reproduce the results using the same data and methods. Though this is only a minimum requirement for influential information, it is frequently not met. Federal agencies routinely disseminate influential information without providing the building blocks third parties need to reproduce results.
The August 28, 2015 issue of Science includes a paper shows that published scientific papers in respected psychology journals fail this test. Only 39% of the time could the consortium reproduce statistically significant effects. On average, these effects were only half as large.