Why do researchers often prefer safe over risky projects? Explaining risk aversion in science

A mathematical framework that builds on the economic theory of hidden-action models provides insight into how the unobservable nature of effort and risk shapes investigators' research strategies and the incentive structures within which they work, according to a new study.

A mathematical framework that builds on the economic theory of hidden-action models provides insight into how the unobservable nature of effort and risk shapes investigators' research strategies and the incentive structures within which they work, according to a new study.

Read more https://www.sciencedaily.com/releases/2024/08/240815163634.htm