Skip to main content
. Author manuscript; available in PMC: 2008 Dec 3.
Published in final edited form as: Psychon Bull Rev. 2006 Aug;13(4):549–562. doi: 10.3758/bf03193962

Figure 4.

Figure 4

The utility functions in the top panel range from one representing current practice of placing extreme weight on replicability (γ = 1/100) to one that places extreme weight on effect size (γ = 1). The bottom panel shows the expected value of experiments resulting when the utility function is γ = ½ and the cost of false positives is c = 2. The horizontal lines represent criteria appropriate to different opportunity costs.