Basic science research should be more like VCs or DARPA - high risk, high reward but expecting and not punishing a 90% failure rate - the 10% will make up for the 90%
We instead treat it like a stock market for established companies - we put money into existing things hoping for modest returns with a good probability.
Basic science research should be more like VCs or DARPA - high risk, high reward but expecting and not punishing a 90% failure rate - the 10% will make up for the 90%
We instead treat it like a stock market for established companies - we put money into existing things hoping for modest returns with a good probability.