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Showing posts from December, 2015

Putting your money where your mouth is: could betting fix science?

You may be aware of the current “replication crisis” in science at the moment. If you aren’t, over the last decade human and biological sciences (psychology in particular) have seen a dramatic increase in the number of papers that are either poorly executed, are not successfully replicated, or are not replicated at all. It has been estimated that these irreproducible studies  waste $28 billion in the US alone.  There are many reasons why these poor studies are conducted and published. Job performance is a major issue, as the value of an academic is measured by the number of publications they write and the grant money they are able to bring in for their institute. Many believe that this has led to a drop in the overall quality of manuscripts being published, as more and more researchers feel the pressure to publish positive results in order to progress in their careers or even keep their job at all. This means that negative results are rarely published and few people conduct rep