Some scholars are beginning to advocate for a partial lottery system for the awarding of research grants, an idea that is long overdue in my humble opinion. Why? Among other things, because under a random allocation system a new researcher would have just as much probability of winning an award as an established or big-name researcher does. (See links below for more details. Hat tip: The Amazing Tyler Cowen.)
- James Urton, How economic theory and the Netflix Prize could make research funding more efficient, via UW News.
- Kevin Gross & Carl T. Bergstrom, Contest models highlight inherent inefficiencies of scientific funding competitions, via PLOS Biology.
- Research funding: the case for a modified lottery, via mBio.