Hans Christian Andersen and the Value of New Cancer Treatments

In 1837, Hans Christian Andersen published the tale of The Emperor's New Clothes (1), a story about two weavers who promise the emperor a set of new clothes that they claim is invisible to those who are stupid or incompetent. The weavers receive enormous sums to craft the new wardrobe, and throughout the kingdom everyone marvels at the emperor's beautiful clothes until a child exclaims that he isn't wearing anything at all. What can we learn from this classic fable about how to assess the value of new cancer drugs?

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