How to Tackle the Unfolding Research Crisis
14th December 2019
Scholarly research is in crisis, and four issues highlight its dimensions. The first is that important disciplines such as physics, economics, psychology, medicine, and geology are unable to explain over 90 percent of what we see: dark matter dominates their theoretical understanding.
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The second dimension of the research crisis is that systems which are critical to humankind—especially climate, demography, asset prices, and natural disasters—are minimally predictable.
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The third dimension is a chronic inability to reproduce research findings.
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The final indicator of crisis in research is that progress in developing better theory and forecasting capability has stagnated since the 1960s.