Herding and the quest for credit

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

Authors
Michael Strevens
New York University
Abstract
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.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/1350178x.2013.774849
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 40,683
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

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.

Add more references

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.
Self-Assembling Networks.Jeffrey A. Barrett, Brian Skyrms & Aydin Mohseni - 2019 - British Journal for the Philosophy of Science 70 (1):1-25.
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.

Add more citations

Similar books and articles

Modeling Herding Behavior and its Risks.Michael Weisberg - 2013 - Journal of Economic Methodology 20 (1):6 - 18.
Bad Advice, Herding and Bubbles.Mark Thoma - 2013 - Journal of Economic Methodology 20 (1):45 - 55.
Herding, Social Influence and Expert Opinion.Michelle Baddeley - 2013 - Journal of Economic Methodology 20 (1):35 - 44.
The Systemic Failure of Economic Methodologists.David Colander - 2013 - Journal of Economic Methodology 20 (1):56 - 68.
The Elgar Companion to Recent Economic Methodology.François Claveau - 2013 - Journal of Economic Methodology 20 (1):81 - 86.
The Making of the Economy: A Phenomenology of Economic Science.Edward Nik-Khah - 2013 - Journal of Economic Methodology 20 (1):86 - 91.
Science-Mart: Privatizing American Science.Tiago Mata - 2013 - Journal of Economic Methodology 20 (1):75 - 81.
The Role of the Matthew Effect in Science.Michael Strevens - 2006 - Studies in History and Philosophy of Science Part A 37 (2):159-170.
A Breed Apart? Security Analysts and Herding Behavior.Jane Cote & Jerry Goodstein - 1999 - Journal of Business Ethics 18 (3):305 - 314.
Knowledge and Credit.Jennifer Lackey - 2009 - Philosophical Studies 142 (1):27 - 42.

Analytics

Added to PP index
2013-03-27

Total views
33 ( #244,938 of 2,242,823 )

Recent downloads (6 months)
8 ( #201,216 of 2,242,823 )

How can I increase my downloads?

Downloads

My notes

Sign in to use this feature