Personally, I use informal statistical decision theory, see
http://en.wikipedia.org/wiki/Decision_theory#Statistical_decision_theory
, in which probabilities are replaced with my guestimates of
probability.

Maybe, you would enjoy trying to explain the vast amount of research
done on Arabidopsis?  If you Google it, you will get 30,500,000 hits.
I wonder how many  tax dollars supported that.

On Nov 6, 8:24 am, chazwin <[email protected]> wrote:
> This is an oddly hypothetical question.
> Without details it is impossible to say.
> Answer: depends.
>
> On Oct 25, 6:57 pm, aruzinsky <[email protected]> wrote:
>
>
>
> > What is the best criteria for allocating limited resources to
> > different science experiments?  WLOG, assume that you have plans/
> > proposals for two experiments but only have monetary funding for one.
> > How do you choose?  You can't base your choice on the exact results of
> > the two experiments because you do not know them before performing the
> > experiments.- Hide quoted text -
>
> - Show quoted text -

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