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David_Gerard comments on Open thread, July 16-22, 2013 - Less Wrong Discussion
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As a psychotherapy, CBT is the only psychotherapy with evidence of working better than just talking with someone for the same length of time. (Not to denigrate the value of just attention, but e.g. counselors are way cheaper than psychiatrists.) It seems to work well if it's guided, i.e. you have an actual therapist as well as the book to work through.
I don't know how it is for people who aren't coming to it with an actual problem to solve, but for self-knowledge as a philosophical end, or to gain the power of hacking themselves.
Curiosity: How much cheaper?
I've felt like I could benefit from therapy from time to time, but I hate dealing with doctors and insurance.
Hard to generalise internationally - but non-medical counselors charge like jobs that involve paying attention to someone, whereas psychiatrists charge like specialist doctors (which they are). I was mostly thinking in terms of public funding for medicine, where bang for the buck is an eternal consideration.