2015/13 | LEM Working Paper Series | |
When the Brightest are not the Best |
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Marco Valente |
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Keywords | ||
Simulation models, Research assessment, Management of academic institutions
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JEL Classifications | ||
A14, H10, C63
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Abstract | ||
Selection procedures for new recruits in research organizations,
supposedly aiming at identifying the candidates with the highest
potential, relies necessarily on indirect information concerning the
quality of a researcher. It is safe to assume that this information is
correlated to, but not coinciding with, the un-observable future con-
tributions of the candidates to a position. We show that using
exceedingly selective criteria operating on observable proxy
indicators of research quality may hinder the overall goal to ensure
the highest expected research quality in the hiring organization. The
paper presents a simple abstract model showing how pursuing the
absolute best is a strategy very likely to produce results worse than
alternative approaches, humbly aiming at identifying the good.
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Downloads | ||
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