Fun new article from et al tries to quantify the efficient frontier for time spent writing grants vs. expected return in grant money. nature.com/articles/s4156
With an online calculator! ipvs.informatik.uni-stuttgart.de/sc/cgi-bin/JA/
Preprint PDF: dreslerlab.files.wordpress.com/2022/02/why-ma
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These charts illustrate viscerally how silly it is to e.g. offer $25k grants with 5% funding rates (ie EV of $1250) and onerous submissions requiring days to prepare. Such grants are often a net drain on society—in total, applicants will burn more $$$ applying than are allocated!
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The suggested solutions include more $ into the uni base funding allocation. Has any recent work been done to look at the implications of that allocation? It favours incumbents over entrants/innovators. DYK if this partial lottery has been tested?
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To your first question: I'm not sure, but I suspect the answer is yes! Would be interested to read refs.
To your second: NZ has been experimenting with funding lotteries; see e.g.
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This is so dystopian! Why do we willfully subject the innovators to mundane bureaucratic grant writing? I want a lottery like yesterday.
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Working on it!
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New! From @IFP / @Day1Project:
It's time to pilot the use of a scientific lottery in NSF grantmaking.
We've pulled together some draft legislation + a short paper to help explain why the time is now:
progress.institute/piloting-and-e
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Haha very clever, I am using that. 🤣
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