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How would you quantify that?

Great question, one could use existing known chemicals as a starting point. There could be a potential to use fMRI readings on a model organism in realtime to generate data.

Compelling. I wonder what else this could be applied to in addition to psychedelics? Anti-anxiety and other sensory affecting drugs?

If you wanna get Black Mirror-esque, perhaps a Soma-like medication from Brave New World (essentially pacifies/zombifies you by creating endless bliss) could be made. Or the "bliss" drug episode of Doctor Who.

Sentiment analysis of trip reports of known compounds on erowid?

Shulgin gives ratings to compounds in PiHKAL. Those could be used as well.

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