There are financial bubbles and academic certainty bubbles.
In a staid domain with PhD overcrowding, someone develops a theory based on facts. This theory notes that the public is at risk ...The peers reviewing realize the benefits of the theory - it increases publicity, funding, class attendance. What will they do? They over bid the theory. To increase public nervousness...
Or in a field with undefined domain and no preestablished scientific hierarchy there are no peers Those who get called to give an opinion beome experts overnight. And overbid
in prophets
in right
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