Adjust the sliders to match your estimates.

Value of Your Time How much do you value an hour spent applying?

£35

Probability of Acceptance Your estimated chance of success

3.5%

Alternative Income (Counterfactual) Income you'd have to give up to do the fellowship

£6000

Intangible Value Est. personal & altruistic value (above the cash stipend)

£10000

Time to Apply How long do you plan to spend applying?

3 hrs

Verdict

Calculating...