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DavidLS comments on Fixing Moral Hazards In Business Science - Less Wrong Discussion

33 Post author: DavidLS 18 October 2014 09:10PM

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Comment author: DavidLS 19 October 2014 01:07:31AM *  4 points [-]

6 - Does a sponsor have any recourse if it designed the trial badly, leading to misleading results? Or is its remedy really to design a better trial and publicize that one?

This is a hard one. I anticipate that at least initially only Good People will be using this protocol. These are people who spent a lot of time creating something to (hopefully) make the world better. Not cool to screw them if they make a mistake, or if v1 isn't as awesome as anticipated.

A related question is: what can we do to help a company that has demonstrated its effectiveness?

Comment author: Gunnar_Zarncke 19 October 2014 07:10:55AM 5 points [-]

Not cool to screw them if they make a mistake

This is exactly the moral hazard companies face with the normal procedure too.

The main advantage I see is that the webapp approach is much cheeper allowing companies t do it early thus reducing the moral hazard.

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