The economics of science, and the sociology and the economics of scientific knowledge - The economics of Scientific Knowledge (ESK)
7 important questions on The economics of science, and the sociology and the economics of scientific knowledge - The economics of Scientific Knowledge (ESK)
How does the ESK differ from the ES?
What are incentives in an open science system? Dasgupta and David
What is Open science system?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
About what crucial feature did David and Dasgupta argue?
How did David and Dasgupta differ from the ES?
- Rewards depend on the discovery. Credits are only given to reliable and complete ones.
What is the effect of the division of cognitive labour? Philip Kitcher
A socially optimal division of cognitive labour maximizes the ratio of "true justified beliefs" in the total number of beliefs. The aim is to increase the ratio
- Scientists have incentives to specialize but also to coordinate
- Science is socially organized
How can we see the ESK in the financial crisis of 2008?
The over-reliance on a single model used without judgement is a serious problem that is built into the institutional structure of academia that produces economic researchers
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