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A two-minute explanation of this year’s prize.
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"Is peer review in decline? Glenn Ellison, an economist at MIT, is beginning to question the added value of being published in top journals, at least for high-ranking authors."
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"I know that a lot of people use this term during a crash because "negative" is the same thing as "down," but I don’t think this is right. It’s a positive feedback loop he’s talking about, where every action in a particular direction feeds back to cause even greater action in the same direction. " Yes. Learn the difference, dammit.
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Amusingly, the second article you linked to (“The collapse of peer review”) misuses “negative feedback” in just the way that the third article deplores…