Aug 312013
 

funding-system-300x209

Funding agencies allocate funds for scientific research mainly based on peer-review of research proposals.

In 2010, more than 15,000 researchers peer-reviewed more than 55,000 proposals.  I think we can all agree that the current process is expensive and time-consuming. Now, the authors of a new article propose a new system that they believe will save us lots of time, money and trouble. The article is called Collective allocation of science funding: from funding agencies to scientific agency,” by Johan Bollen (of the Twitter-predicts-stock market fame), David Crandall, Damion Junk, Ying Ding and Katy Börner.

Basically, the authors would like to give each scientist (they focus on the U.S., but I suppose the system would work in other countries) a certain amount of money for research, of which she or he will have to send a percentage to other scientists who do research they consider funding-worthy.  Every researcher gets the same amount, no matter which institute she resides in, from the government. However, the sum she gets from other researchers will depend on her skills and performance as a researcher.  The authors give the following example; suppose every senior researcher in the US gets 100,000$ each year and a certain researcher received, in addition, 200,000$ from other researchers. She’s obligated to give 50%, or 150,000$ to other researchers, and save the rest for her own research. It’ll save lots of time and money that are now spent on writing proposals and peer-reviewing.

Read more . . .

 

The Latest on: A new funding system
  • Metro may see service cuts without new funding
    on December 5, 2017 at 8:47 pm

    Ultimately, though, he boils the needed changes down to a new board and new money ... tracks union proposals for improving the system, including changes to the fare structure and increased local tax funding. D.C. lawmakers have suggested a regional ... […]

  • In Louisiana, public defenders fight for scraps, argue how to change funding system
    on December 2, 2017 at 9:20 am

    the public defender in New Orleans, doesn’t buy Marx’s argument. Population, Bunton said, is nothing more than “a very good calculator of where we live.” Bunton said he is more interested in confronting the fines-and-fees local funding system ... […]

  • Sheriff must find new funding source to fix Shawmut Diner
    on November 30, 2017 at 5:27 pm

    DARTMOUTH — The Bristol County Sheriff's Department will have to find a new funding source to refurbish the old Shawmut ... a new roof, new electrical system, a fire suppression system, bathrooms before it can be used, he said. The counter and booths ... […]

  • Pa. Supreme Court opens door to school funding overhaul
    on September 28, 2017 at 11:16 am

    Maddie Hanna writes about policy issues, including school funding ... and New Jersey state government. She joined the Inquirer in 2012. Kristen Graham covers the Philadelphia School District. A native Philadelphian – and a product of the school system ... […]

  • Gov. Andrew Cuomo Travels to D.C. to Plead for Federal Funding for Failing Transit System
    on July 26, 2017 at 8:28 am

    NEW YORK CITY — New York Gov. Andrew Cuomo traveled to Washington D.C. Wednesday to seek federal funding for the city’s failing transport system, a month after Cuomo declared a state of emergency for the MTA and warned of a “summer of hell” for ... […]

  • Proposed UW System budget would send smaller slice of new funding to UW-Madison
    on July 5, 2017 at 6:20 am

    University of Wisconsin System officials are planning to give UW-Madison a smaller share of new state funding under an operating budget proposal released this week. Each System institution stands to receive more money from the state under the spending plan ... […]

  • Michigan's school funding system 'fundamentally broken,' say backers of new education finance study
    on June 29, 2017 at 9:27 am

    A new education finance study ... In an interview with MLive.com, three supporters of the collaborative spoke about the need for the study and why they believe Michigan's current school funding formula is "fundamentally broken." John Helmholdt, a spokesman ... […]

  • Judge: Connecticut education funding system unconstitutional
    on September 7, 2016 at 6:48 am

    Superior Court Judge Thomas Moukawsher ruled Wednesday in an 11-year-old lawsuit that the state must overhaul its education system and come up with a new funding formula within 180 days to ensure the state’s poorest school districts have resources to ... […]

  • New funding system for schools including a 'global' salary criticised
    on June 20, 2016 at 9:59 pm

    A new funding system for schools and teachers has been proposed by the Government, including a "global" salary system already being criticised by the secondary schools union. In consultation documents published on the Ministry of Education's website, the ... […]

  • New funding system for disabled pupils welcomed
    on March 26, 2012 at 8:44 am

    NAPLAN test results and school assessment will be among a range of measures the state government will use to help it distribute funding for the rapidly growing number of children with disabilities and special needs in public schools across the state. […]

via Google News and Bing News

Other Interesting Posts

Leave a Reply

%d bloggers like this: