This account of how DARPA works is surprisingly interesting: http://www.nber.org/chapters/c14096.pdf … I underestimated both how flat it is, and how much authority the 100 program managers have to decide their own programs.
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I also hadn’t realized to what extent they operate independent of peer review. The graph here repays study: only a weak correlation between review score and which projects were funded.pic.twitter.com/vDgHcEhadA
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In particular, they apparently look for a high degree of disagreement among reviewers, and to create a diverse portfolio. This is the opposite of how much funding often works.pic.twitter.com/MW0P0qrFJR
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Overall, I really like the DARPA model, but (for ARPA-E) I'm pretty sure I've been one of the small orange dots above the cutoff line. Hard to keep perspective at times like that...
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