The odds standards shouldn't be in the rules because the rules are binding: applicants must agree to them, sign them and notarize them. All applicants, all rules. As the Challenge FAQ puts it:
In fact, Randi said in Swift February 29, 2008:
That said, it is true that the results of many tests consist of two lists of numbers to compare, and standard odds for these tests do make sense. I feel the Challenge FAQ (not the rules) is the right place to put this information, always making it clear that p-values are only orientative, and that some tests (e.g. the UFO summoning test) do not require p-values at all.2.6 I’d like to change a rule.
No. The Challenge rules are in place for a reason. When you fill out the JREF Challenge application, you are entering into a contract. The JREF doesn’t cut corners or make exceptions. Not even for you.
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2.7 This particular rule shouldn’t apply to me.
It does. Again, the application is a contract.
In fact, Randi said in Swift February 29, 2008:
This paragraph, with a relevant question and very little editing, could be easily included in the Challenge FAQ. With this, p-values would be somehow more "official" and we in the forums would have something to quote from instead of saying "it's been said somewhere that the JREF usually asks for 1-in-1000 odds".... So, as of now, we will require that applicants beat a one-in-one-hundred chance of success – by dumb luck or co-incidence – for the preliminary test, and then a one-in-one-hundred-thousand chance in the formal test – a point that has not yet been reached in the past ten years of our trying…