As far as risks are concerned, there seems to be a consensus view on general funding strategies from different funders: government funding agencies tend to fund low-risk proposals while private foundations, at least in principle, should fund more of those so-called high-risk high-reward projects. Unfortunately, these high-risk high-reward funding programs, in their actual practice, often utilize similar measures that have been applied for funding main-stream or low-risk projects. Here, an improved review procedure for such programs will be tentatively proposed, which will be easy to implement and meanwhile biased properly toward high-risk, potentially paradigm-shifting proposals.
English backup of my blog at wanpengtan.com. Topics include open science and new physics of mirror matter theory.
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A possible solution to arbitrary evaluations
My letter to Physics Today was just published in its issue in October, 2024 . Hopefully, it’ll draw attention from a wider audience to the i...
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We discussed how we should fund high-risk high-reward proposals of novel ideas, proposing a new review system for transformative research . ...
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I have always admired great efforts by S. B. Woo, president of 80-20 Educational Foundation (https://www.80-20ef.org/), who has been stand...
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Scientific advancement includes two types: one is incremental and the other is transformative. The incremental one is typically consists of ...