Fixed‐ versus random‐effects models in meta‐analysis: Model properties and an empirical comparison of differences in results

Today most conclusions about cumulative knowledge in psychology are based on meta-analysis. We first present an examination of the important statistical differences between fixed-effects (FE) and random-effects (RE) models in meta-analysis and between two different RE procedures, due to Hedges and Vevea, and to Hunter and Schmidt. The implications of these differences for the appropriate interpretation of published meta-analyses are explored by applying the two RE procedures to 68 meta-analyses from five large meta-analytic studies previously published in Psychological Bulletin. Under the assumption that the goal of research is generalizable knowledge, results indicated that the published FE confidence…