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"Moskovitz, whose estimated net worth is more than $14 billion, and Tuna have said that they plan to give away most of their fortune during their lifetimes." T
by nonbel 9y ago
"Moskovitz, whose estimated net worth is more than $14 billion, and Tuna have said that they plan to give away most of their fortune during their lifetimes."
To get an idea of the money involved here, his life's fortune is about what is currently spent every 6 months on medical research that no one will ever double check (since it is impossible to do):
"Overall, the team found that poor materials made the largest contribution to reproducibility problems, at 36%, followed by study design at 28% and data analysis at 26%. The team estimates the overall rate of irreproducibility at 53%, but cautions that the true rate could be anywhere between 18% and 89%. That puts the potential economic cost of irreproducibility anywhere from $10 billion to $50 billion per year."
http://www.nature.com/news/irreproducible-biology-research-costs-put-at-28-billion-per-year-1.17711 http://www.nature.com/news/irreproducible-biology-research-c...
And irreproducible in principle studies are just the tip of the iceberg. Beyond that there are many problems that can render research useless or misleading (p-hacking, bias due to unblinding, misinterpreting results, incorrect analysis, etc). Just pumping more money into this system rather than trying to change the incentives and practices seems wrong.