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High-risk research – The daily blog of behavioral and cognitive economics

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High-risk research – The daily blog of behavioral and cognitive economics

Man with spyglass stands on top of a series of balanced seesaws

Risk Aversion in Science Stifles Innovation

Last month, I was fortunate to participate in an event hosted by Open to Debate, a one-hour weekly program broadcast on National Public Radio stations across the country, and the SNF Agora Institute at Johns Hopkins University. The participants considered the question: “Is the scientific enterprise too risk-averse?” The preparation I did for the event was nerve-wracking, mostly because it was my first time ever participating in a debate. But I enjoyed the experience. The debate functioned like an extended conversation between me and three others from varied backgrounds who had thought about the issues. ….[READ]

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