In trading, entering a market dominated by insiders without proper research is a sure-fire way to lose a lot of money and time. Fintech companies go to great lengths to uncover their competitors’ strategies while safeguarding their own.
A friend who worked in trading told me that traders would share subtly incorrect advice on trading Discords to mislead competitors and protect their strategies.
Surprisingly, in many scientific disciplines researchers are often curiously incurious about their peers’ work.
The long feedback loop for measuring impact in science, compared to the immediate feedback in trading, means that it is often strategically advantageous to be unaware of what others are doing. As long as nobody notices during peer review it may never hurt your career.
But of course this can lead people to do completely superflueous, irrelevant & misguided work. This happens often.
Ignoring competitors in trading results in immediate financial losses. In science, entire subfields may persist for decades, using outdated methodologies or pursuing misguided research because they overlook crucial considerations.
Know your scientific competitors.
In trading, entering a market dominated by insiders without proper research is a sure-fire way to lose a lot of money and time. Fintech companies go to great lengths to uncover their competitors’ strategies while safeguarding their own.
A friend who worked in trading told me that traders would share subtly incorrect advice on trading Discords to mislead competitors and protect their strategies.
Surprisingly, in many scientific disciplines researchers are often curiously incurious about their peers’ work.
The long feedback loop for measuring impact in science, compared to the immediate feedback in trading, means that it is often strategically advantageous to be unaware of what others are doing. As long as nobody notices during peer review it may never hurt your career.
But of course this can lead people to do completely superflueous, irrelevant & misguided work. This happens often.
Ignoring competitors in trading results in immediate financial losses. In science, entire subfields may persist for decades, using outdated methodologies or pursuing misguided research because they overlook crucial considerations.
Makes sense, but wouldn’t this also result in even fewer replications (as a side effect of doing less superfluous work)?