Comment by taneq

1 day ago

I’d say rather that “statistically significance” is a measure of surprise. It’s saying “If this default (the null hypothesis) is true, how surprised would I be to make these observations?”

Maybe you can think of it as saying "should I be surprised" but certainly not "how surprised should I be". The magnitude of the p-value is a function of sample size. It is not an odds ratio for updating your beliefs.