2/ Alternatively: let's estimate the contribution of some work using a pass/fail assignment generated by approximately three people; then, let's use the structure of the accepted contributions to assign authority; then, let's use authority to allocate future scholarly attention.
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3/ That really doesn't sound like a good sampling algorithm; the resulting estimates are probably bad; and, the amount of time wasted in replicating invisible work is probably horrific (if you could estimate it). Peer review this way curiously inhibits collaboration.
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