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Overhyped and concentrated investments in research funding are leading to unsustainable science bubbles.

Budtz Pedersen, David (2014) Overhyped and concentrated investments in research funding are leading to unsustainable science bubbles. Impact of Social Sciences Blog (01 Oct 2014). Website.

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Abstract

David Budtz Pedersen examines how the scientific market exhibits bubble behaviour similar to that of financial markets. Taking as an example the overwhelming investments in neuroscience, such high expectations may actually drain the research system from resources and new ideas. In the end the permanent competition for funding and the lack of ‘risk diversification’, might generate a climate in which citizens and policymakers lose their confidence in science as they did with the financial sector after the 2008 crash.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/impactofsocialsciences
Additional Information: © 2014 The Author(s) CC BY 3.0; Online
Divisions: LSE
Subjects: H Social Sciences > H Social Sciences (General)
L Education > LB Theory and practice of education > LB2300 Higher Education
Sets: Collections > Impact of Social Sciences Blog at LSE
Date Deposited: 30 Mar 2017 10:52
Last Modified: 05 Jun 2020 23:25
URI: http://eprints.lse.ac.uk/id/eprint/71667

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