L: Average professor right after getting tenure R: Average professor five years after getting tenure.pic.twitter.com/kNbdjtDyoZ
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I agree that it does select for risk aversion, but I have trouble understanding why it does. Is it that the process of getting tenure filters out the the risk-takers, and selects for the risk-averse? Why don't we see more tenured professors using their 'immunity'?
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Correct. Funding is tightly coupled to those “friends”. Lose those friends by nonconforming, and you lose funding. For tenured academics, funding is their sole identity.
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