. @paulg on the risk of discovery: http://www.paulgraham.com/disc.html pic.twitter.com/hGVpUj4bRn
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I've proposed a high risk program to several grant agencies. Each year, an audit. If # of failures isn't above a threshold, heads to roll...
Obv. problem: deliberate funding of bad ideas. But there's an easy fix: a combined score which focuses on variance...
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better would be to package grants as portfolios and rewarding the whole for the sum of all results
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Interesting variation. What are the advantages of your proposal? Disadvantages?
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similar problem I worry a lot about inside companies: as a manager or CEO you want a portfolio of high-risk efforts,
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but as an individual contributor, you're often only rewarded if your project succeeds. How do you set up the incentives?
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