Herding and the quest for credit

Journal of Economic Methodology 20 (1):19 - 34 (2013)

Michael Strevens
New York University
The system for awarding credit in science—the priority rule—functions, I have proposed elsewhere, to bring about something close to a socially optimal distribution of scientists among scientific research programs. If all goes well, then, potentially fruitful new ideas will be explored, unpromising ideas will be ignored, and fashionable but oversubscribed ideas will be deprived of further resources. Against this optimistic background, the present paper investigates the ways in which things might not go so well, that is, ways in which the priority rule might fail to realize its full potential as an incentive for scientists to work on the right things. Several possible causes of herding—an outcome in which a single research program ends up with a number of researchers well in excess of the optimum—are considered.
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DOI 10.1080/1350178x.2013.774849
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References found in this work BETA

The Division of Cognitive Labor.Philip Kitcher - 1990 - Journal of Philosophy 87 (1):5-22.
The Role of the Priority Rule in Science.Michael Strevens - 2003 - Journal of Philosophy 100 (2):55-79.

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Citations of this work BETA

Is Peer Review a Good Idea?Remco Heesen & Liam Kofi Bright - forthcoming - British Journal for the Philosophy of Science:axz029.
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Geoengineering Tensions.Adrian Currie - forthcoming - Futures.
The Division of Cognitive Labor: Two Missing Dimensions of the Debate.Baptiste Bedessem - 2018 - European Journal for Philosophy of Science 9 (1):3.
Existential Risk, Creativity & Well-Adapted Science.Adrian Currie - forthcoming - Studies in the History and Philosophy of Science.

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