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The intent of a binomial effect size display (BESD) is to show "the real-world importance of an effect indexed by a correlation r" (R. Rosenthal, 1994, p. 242) by reexpressing this correlation as a success rate difference (SRD) (e.g., treatment group success rate-control group success rate). However, SRDs displayed in BESDs generally overestimate real-world SRDs implied by correlations of (a) dichotomous X and Y variables (phi coefficients), (b) dichotomous X and continuous Y variables (point-biserial coefficients rpbs). and (c) continuous X and Y variables (rxys). Furthermore, overestimation biases are larger for rxys than for rpbs. Differences in the sizes of biases linked to different correlations suggest that BESD SRDs reported for different correlations are not comparable. The stochastic difference index (N. Cliff, 1993: A. Vargha & H. D. Delaney, 2000) is recommended as an alternative to the BESD.
Louis M. Hsu (Thu,) studied this question.
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