Microdosing is where personal experience and lab results sit furthest apart, which makes it one of the most interesting questions in the field. Many people describe steadier mood, better focus, and more creativity. Surveys say much the same: in one analysis of 278 people's own accounts, improved mood and focus were the benefits mentioned most, though some also reported physical discomfort or more anxiety.
Researchers have started testing it with placebos. In a large study where 191 people ran their own blinded protocol, everyone improved over four weeks, whether they took the real thing or a placebo, so the study could not pull the two apart. In a lab study of 34 people, a small dose of dried mushrooms produced real, measurable effects, including changes in brain activity, but no clear shift in mood or creativity on the days tested. The effects were clearest in people who correctly guessed what they had taken, and a few thinking tests showed small changes in the other direction.
So the honest answer today is that nobody knows yet how much of what people report comes from the mushroom itself, how much from the intention and routine around it, and how much from the two working together. Those are not rivals. Expectation and routine are a real part of any practice. The studies so far were short and mostly in healthy volunteers, and longer work in the people most likely to try it is what is needed next.