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gwern comments on Funding Good Research - Less Wrong
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As well, when it will be published could be a big deal. A paper spending years in the review process is not all that unlikely- and so if the writer is only paid when it's actually accepted for submission, that could mean the money spends a long time in limbo.
Well, she agreed to the deal and is as much an academic as either you or Ilya, so either the deal has details not mentioned which make it seem less harsh, or she believes it's not so hard or slow as you do.
Very likely.
I am amused by the possibility that accepting a grant to do decision theory work is itself a poor decision.
One imagines Briggs's mental monologue: "maybe I should calculate the EV of this paper... Come on, Rachel, this is serious!"