I recently conducted an intervention study with random assignment to treatment and control conditions. Participants completed a pretest before the intervention and a posttest after. I analyzed test performance using a 2 (time: pretest or posttest) * 2 (condition: treatment or control) ANOVA. After finding a time * condition interaction, I conducted post-hoc t-tests comparing pretest to posttest within each condition. Together with these t-test results, I reported an effect size within each condition, which I called Cohen's d (hopefully accurately) and calculated as (mean(post) - mean(pre))/sd(pre).
After submitting the results to a journal, I received a reviewer comment saying that Cohen's d does not account for the correlation between pretest and posttest, which can result in an inflated estimate. The reviewer said there is a more correct formula which does not have this problem, but didn't say what the formula was.
My questions: (1) Is it true that Cohen's d, as I calculated it, is not correct in this situation? (2) If so, what is a more correct effect size computation I could use, ideally with a citation?