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In general it is high risk and high reward. You need to have sufficient confidence in yourself that what you're doing is valuable to a community that is hostile
by j7ake 9y ago
In general it is high risk and high reward. You need to have sufficient confidence in yourself that what you're doing is valuable to a community that is hostile to you. If your work ends up not being recognised as important, then your losses are much larger than if you followed the crowd and did incremental research. There is probably analogous stories with start up scene, incremental start ups get funded, those considered too radical are not given money.
In science it is not obvious whether or not your work will be important or recognised as important until much later.
From the point of view from the entire community it makes sense for individuals to go big risk, but for individuals sometimes you also need to manage your risk differently
- SuoDuanDao 9y agoGood point. I'd add that the expected payback from doing incremental work is also a variable that can go through extreme changes over the medium term, which can lead to changes in whether it's rational to play it safe or attempt to blaze a trail. That makes me wonder whether changes in rates of entrepreneurialism lead or lag economic downturns...