According to the New Scientist, Daryl Bern has a paper to appear in Journal of Personality and Social Psychology, which claims that the participants in psychological experiments are able to predict the future. A preprint of this paper is available online. Here's a quote from the New Scientist article:
In one experiment, students were shown a list of words and then asked to recall words from it, after which they were told to type words that were randomly selected from the same list. Spookily, the students were better at recalling words that they would later type.
In another study, Bem adapted research on "priming" – the effect of a subliminally presented word on a person's response to an image. For instance, if someone is momentarily flashed the word "ugly", it will take them longer to decide that a picture of a kitten is pleasant than if "beautiful" had been flashed. Running the experiment back-to-front, Bem found that the priming effect seemed to work backwards in time as well as forwards.
Question: even assuming the methodology is sound, given experimenter bias, publication bias and your priors on the existence of psi, what sort of p-values would you need to see in that paper in order to believe with, say, 50% probability that the effect measured is real?
Having read about a third of Bem's paper, and about a third of the critical review mentioned here, I have to agree that the critics are right. This is an exploration study rather than a confirmation study, and as such would require a much higher standard of statistical significance before anyone at all skeptical would be forced to rethink their stance.
To answer the OP's question, I would want p<0.002 before I would say "It is probably either fraud or real ESP, rather than a statistical fluke."
To be fair, though, Bem was quite upfront about the exploratory nature of his methodology. His purpose, he claimed, was to invent experimental protocols that would be easy to carry out and easy to analyze. He is making the software that he used to control the experiment publicly available, and is apparentlly hoping that researchers in dozens of psych labs around the country will attempt to replicate his findings. If anyone takes him up on that, those studies will be confirmatory, not exploratory. And if enough of them can duplicate his results, even using Bem's statistical methods, then his results will be worth thinking about.