Caledonian2 comments on Superhero Bias - Less Wrong
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Comments (38)
I do think you're wrong, Prakash. You're only looking at the case where the drug is actually better than the placebo. When it isn't helpful, or is harmful, the placebo group is better off than those receiving the drug.
And that's just the immediate situation. The long-term consequences of abolishing the placebo group and not understanding the true effects of the drug have to be considered as well. Since it's far easier to screw up than to get things right, a drug with unknown effectiveness and questionable effects will tend to cause far more harm than it ever prevents.