Is Lottery a Better Way of Resource Distribution Than Baseline Funding?
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Published:2023-03-27
Issue:3
Volume:90
Page:603-628
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ISSN:0031-8248
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Container-title:Philosophy of Science
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language:en
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Short-container-title:Philos. sci.
Abstract
AbstractRecently, several funding agencies have introduced the distribution of funds by a lottery system; however, the effects of this system on the productivity of the research community are unclear. Simulation studies in philosophy of science have argued that a combination of peer review and lottery is an optimal method. However, these models overlook several important aspects of research activities, such as baseline funding through block grants. In this article, I present a general theoretical model that incorporates these aspects and argue that the conventional combination of peer review and baseline funding outperforms the combination of peer review and lottery in many situations.
Publisher
Cambridge University Press (CUP)
Subject
History and Philosophy of Science,Philosophy,History