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What is effect size?

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University Course Reader · STEM

The drug showed a statistically significant but small effect size, raising questions about its practical benefit.

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Effect size is a quantitative measure of the magnitude of a phenomenon, such as the difference between group means or the strength of an association, reported independently of statistical significance. Common standardized measures include Cohen's d, expressed in standard deviation units, the correlation coefficient r, and odds or risk ratios for binary outcomes. Because p-values conflate magnitude with sample size, effect sizes are reported alongside significance tests and are required by many journals; conventional thresholds, such as d values of 0.2, 0.5, and 0.8 for small, medium, and large effects, are heuristics whose practical meaning depends on the domain.

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