I could imagine most of the value of studies coming from very high quality studies, although I think there is also quite a lot of value in some replication and exploratory studies. I agree high quality studies are both hard to do and generally have their difficulty underestimated. We’re also on the same page when it comes to small problems at the beginning making the research effectively useless later on, which is why we would definitely hire people with a history of running exceptionally rigorous studies if we were to run this intervention. We are generally in favor of hiring capacity when it’s crucial.
The estimate of millions of dollars is a bit higher than the estimates I have seen although I could imagine it being the case. The estimate we used was the higher end of of the $50,000 and $500,000 range that IPA gave for its costs per studies. Do you have any information about the costs of running studies or more specifically the cost of the gold standard type studies?
I could imagine most of the value of studies coming from very high quality studies, although I think there is also quite a lot of value in some replication and exploratory studies. I agree high quality studies are both hard to do and generally have their difficulty underestimated. We’re also on the same page when it comes to small problems at the beginning making the research effectively useless later on, which is why we would definitely hire people with a history of running exceptionally rigorous studies if we were to run this intervention. We are generally in favor of hiring capacity when it’s crucial.
The estimate of millions of dollars is a bit higher than the estimates I have seen although I could imagine it being the case. The estimate we used was the higher end of of the $50,000 and $500,000 range that IPA gave for its costs per studies. Do you have any information about the costs of running studies or more specifically the cost of the gold standard type studies?