How economic theory and the Netflix Prize could make research funding more efficient

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Scientists have used the economic theory of contests to illustrate how the competitive grant-application system has made the pursuit of research funding inefficient and unsustainable -- and that alternative methods, such as a partial lottery to award grants, could relieve pressure on professors and free up time for research.

from Latest Science News -- ScienceDaily http://bit.ly/2C6sWQb

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