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PLoS Medicine - Why Current Publication Practices May Distort Science

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PLoS Medicine - Why Current Publication Practices May Distort Science
Description
The current system of publication in biomedical research provides a distorted view of the reality of scientific data that are generated in the laboratory and clinic. This system can be studied by applying principles from the field of economics. The “winner's curse,” a more general statement of publication bias, suggests that the small proportion of results chosen for publication are unrepresentative of scientists' repeated samplings of the real world. The self-correcting mechanism in science is retarded by the extreme imbalance between the abundance of supply (the output of basic science laboratories and clinical investigations) and the increasingly limited venues for publication (journals with sufficiently high impact). This system would be expected intrinsically to lead to the misallocation of resources. The scarcity of available outlets is artificial, based on the costs of printing in an electronic age and a belief that selectivity is equivalent to quality. Science is subject to great uncertainty: we cannot be confident now which efforts will ultimately yield worthwhile achievements. However, the current system abdicates to a small number of intermediates an authoritative prescience to anticipate a highly unpredictable future. In considering society's expectations and our own goals as scientists, we believe that there is a moral imperative to reconsider how scientific data are judged and disseminated.
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    • 13 months ago


      Ignoring the domain specificity (research) this is a very good article in terms of issues identified (artificial scarcity (scarcity != value, concentration of resources on high vis problems), problems with first past the post (duplication of effort, constraining of attention, winners curse, etc) gaming, entrenched vested interests etc) for any mediating technology that concerns itself with the exchange of value. The author's proposed remedial actions are not good solutions, but some hint at better ones.

      And THIS is the money line:
      "When scientific information itself is the commodity, there is uncertainty as to its value, both immediately and in the long term. Usually we do not know what information will be most useful (valuable) eventually."
      Behavioural Economics
    • 13 months ago


      see comments on Behavioral Economics twine
      Valuation
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