A blog on (E)con, (D)ata, (R)esearch, and (R)andom things
I <3 this. Original here: https://xkcd.com/1132/.
Adding to this - 0.05 is not a magic cutoff. Yet, some people treat a coefficient with a p-value of 0.049 and a coefficient with a p-value of 0.051 very differently.