Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: False (and Missed) Discoveries in Financial Economics   Multiple testing plagues many important questions in finance such as fund and
factor selection. We propose a new way to calibrate both Type I and Type II
errors. Next, using a double-bootstrap method, we establish a t-statistic
hurdle that is associated with a specific false discovery rate (e.g., 5%). We
also establish a hurdle that is associated with a certain acceptable ratio of
misses to false discoveries (Type II error scaled by Type I error), which
effectively allows for differential costs of the two types of mistakes.
Evaluating current methods, we find that they lack power to detect
outperforming managers.

31
The categories of this paper are: ao-sci
30
The categories of this paper are: q-alg
8
The categories of this paper are: hep-ex
26
The categories of this paper are: bayes-an
3
The categories of this paper are: physics
34
The categories of this paper are: chem-ph
23
The categories of this paper are: solv-int
29
The categories of this paper are: funct-an
25
The categories of this paper are: patt-sol
35
The categories of this paper are: mtrl-th
33
The categories of this paper are: plasm-ph
37
The categories of this paper are: supr-con
10
The categories of this paper are: q-bio
0
The categories of this paper are: hep-ph
19
The categories of this paper are: eess
11
The categories of this paper are: hep-lat