{"model":{"id":2115,"update_text":"

With our campaign winding down, the initial funding target of $6,240 is looking pretty hard to reach. Today we decided to tighten the belt and shoot for the minimum necessary budget that will allow us to run this project. This lowers the chance that we will reach significance, but I'm confident we will turn up some promising insights regardless.

So, where to trim the budget?

Fortunately, about half of the original budget is allocated to pay research assistants and the design and development of the user experiences. These elements can easily be converted from $15/hour jobs to volunteer learning experiences, though it will make it a little harder to balance our time between this study and the rest of life's demands. Not to worry, we are very excited to run this can't wait to move from fundraising mode to research mode!

The most crucial part of our budget is for participant compensation. In the next few days, we should be able to hit a target that allows us to run the study with 30 participants (down from our initial plan to run 60 participants).

Here is an outline of the budget changes:

ORIGINAL BUDGET: $6,140
Participant compensation: $2400
Materials: $240
Programming: $1,500
Research Assistants: $2,000

NEW BUDGET: $1320
Participant compensation: $1200 (30 subjects @ $40 each)
Materials: $120 (30 subjects @ $4 each)
Programming: Volunteer (FREE SCIENCE!)
Research Assistants: Volunteer (FREE SCIENCE!)

Hopefully none of our backers are disappointed by these changes. Fundraising for this study while transitioning into my fall semester of graduate economics was a tall order. Please reach out if you have any questions!

Brian

","title":"Update: Tightening the belt","backers_only":false,"published_at":"2014-09-25T10:34:43.000-07:00","view_count":7,"publish_on":null,"url":"https://experiment.com/u/6MKQNw","image":null,"project_title":"The Neuroscience of Digital Product Experiences","project_link":"https://experiment.com/projects/the-neuroscience-of-digital-product-experiences","project_id":"the-neuroscience-of-digital-product-experiences","user_id":14327,"likes":2,"comments":1,"save_url":"/updates/save","editor":"redactor","citations":[],"new_record":false,"is_published":true,"is_draft":false,"save_path":"/updates/save","file_attachments":[],"tags":[],"text_to_be_jsonified_for_read":"

So, where to trim the budget?

Here is an outline of the budget changes:

ORIGINAL BUDGET: $6,140
Participant compensation: $2400
Materials: $240
Programming: $1,500
Research Assistants: $2,000

Brian

","project_milestones":[],"completed_milestones":[],"edit_milestones_path":"/projects/the-neuroscience-of-digital-product-experiences/wizard#milestone","base_path":"/projects/the-neuroscience-of-digital-product-experiences/updates/6MKQNw","class_name":"Update","json_for_read":null,"json_for_write":null,"slate_flag":false,"text_to_be_jsonified_for_write":"

So, where to trim the budget?

Here is an outline of the budget changes:

ORIGINAL BUDGET: $6,140
Participant compensation: $2400
Materials: $240
Programming: $1,500
Research Assistants: $2,000

Brian

","private":false},"initialComments":[{"comment":"Getr done...","id":6809,"user_id":16644,"shadowbanned":false,"likes_count":0,"type":null,"data_key":null,"highlighted_text":null,"user_show_page":"/users/PeterLance1","user_avatar":"https://dgsqcxi9lxx8v.cloudfront.net/16644/19984_5514_150x150_circle.jpg","user_name":"Peter Lance","time_stamp":"2014-09-25T11:45:40.790-07:00","time_in_words":"over 3 years","published_at":"Sep 25, 2014","active_depth":0,"depth_limited":false,"children":[],"user_tag":"Backer","likeable_type":"Comment","likeable_id":6809}]}