Bugmaster comments on How minimal is our intelligence? - Less Wrong
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Ok. So, helpful fundamental research, as it is currently produced: (a) imposes a heavy opportunity cost, (b) has a low success rate, (c) is generally discovered "too early," leading to waste. What is your proposal for doing better? Can you give me some examples of things like complex numbers discovered in the private sector, by charities, or 'enthusiastic amateurs'?
Incidentally, the success rate of fundamental research for a given finite time horizon k is an untestable quantity. Thus, (b) is a weak complaint. (a) is hard to argue also, because you need to construct counterfactual scenarios that people will believe.
How exactly do you measure "success" in this case ? As for me, I find myself hard-pressed to think of any examples of fundamental research that weren't ultimately beneficial -- except perhaps for instances of outright fraud or gross incompetence.
Even if a scientist spent five years and a million dollars trying to discover, say, the link between gene X and phenotype Y, and found no such link, then the work was still not in vain. Firstly, we can now be more certain that gene X does not cause Y; secondly, we can most likely gain a lot of collateral benefits from the work, leading to an increased rate of discovery in the future.