practical significance

the extent to which a study result has meaningful applications in real-world settings. An experimental result may lack statistical significance or show a small effect size and yet potentially be important nonetheless. For example, consider a study showing that the consumption of baby aspirin helps prevent heart attacks. Even if the effect is small, the finding may be of practical significance if it saves lives over time. Also called substantive significance. See also clinical significance; psychological significance.

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Psychology term of the day

November 22nd 2024

ventriculoatrial shunt

see shunt.