# The use of $p$-value in finance after the recent statement of ASA (American Statistical Association)

The ASA (American Statistical Association) has just released a statement about the misuse of $p$-value. Will this action have much effect on the use of $p$-value in finance?

• I can't believe it took the ASA this long to publicize this error. In finance, "past performance does not imply future performance" partially covers this as do all the other caveats about simulated or hypothetical trading. – barrycarter Mar 9 '16 at 2:56