Give scientists more incentives to innovate

“… What made them work so hard? Passion and curiosity, no doubt. But that may not always be enough — a new study argues that it’s also important to get incentives right to induce would-be innovators to put in the hours of toil required to transform flashes of insight into breakthrough discoveries. By comparing the research output of scientists sponsored by funding streams with different incentives, the authors argue that a long time horizon combined with freedom to choose how to direct their efforts encourages researchers to take the kinds of risks that lead to more big ideas …” (more)

[Ray Fisman, Slate, 10 January]

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