Incentives in Academic Research

What happened

Charlie Munger said: “Show me the incentive and I will show you the outcome”. The issue with Academic Research, in my opinion, is that the outcomes have drifted very far away from the original goal, which I believe to be the advancement of scientific understanding, and training of the new generation of researchers. Academic research was meant to be about breaking new ground, keeping to honesty and good scientific co…

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Sources