The look-elsewhere effect is a phenomenon in the statistical analysis of scientific experiments where an apparently statistically significant observation may have actually arisen by chance because of the sheer size of the parameter space to be searched. Once the possibility of look-elsewhere error in an analysis is acknowledged, it can be compensated for by careful application of standard mathematical techniques.
The look-elsewhere effect is a phenomenon in the statistical analysis of scientific experiments where an apparently statistically significant observation may have actually arisen by chance because of the sheer size of the parameter space to be searched. Once the possibility of look-elsewhere error in an analysis is acknowledged, it can be compensated for by careful application of standard mathematical techniques.
Source: Wikipedia "Look-elsewhere effect" · CC BY-SA 4.0
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