References a Science article titled "With this new system, scientists never have to write a grant application again" ... > In Bollen’s system, scientists no lo

References a Science article titled "With this new system, scientists never have to write a grant application again" ... > In Bollen’s system, scientists no longer have to apply; instead, they all receive an equal share of the funding budget annually—some €30,000 in the Netherlands, and $100,000 in the United States—but they have to donate a fixed percentage to other scientists whose work they respect and find important. “Our system is not based on committees’ judgments, but on the wisdom of the crowd,” Scheffer told the meeting. > Bollen and his colleagues have tested their idea in computer simulations. If scientists allocated 50% of their money to colleagues they cite in their papers, research funds would roughly be distributed the way funding agencies currently do, they showed in a paper last year—but at much lower overhead costs. http://www.sciencemag.org/news/2017/04/new-system-scientists-never-have-write-grant-application-again http://www.sciencemag.org/news/2017/04/new-system-scientists...