>>68556781Not really, this has been studied with funding of scientific research because of course universities are going to study their own funding. There have been several studies that all point to the same direction.
1) The best results are attained when funding decisions are made by a lottery.
2) The second best results are attained when funding decisions are made by a panel of professors and other senior researchers with knowledge of the field and theory.
3) The second worst results are attained when funding decisions are made by a mixed panel of professors, senior researchers with knowledge of the field and theory, and expert laymen such as bankers and industry representatives with knowledge of "what's needed in the real world".
4) The worst results are attained when funding decisions are made by a panel of expert laymen such as bankers and industry representatives with knowledge of "what's needed in the real world"..
For the past two or three decades everywhere in the world funding models have moved from a panel of professors and other senior researchers toward a mixed panel of professors, senior researchers and expert laymen such as bankers and industry representatives, by the way. It's only common sense that you need multiple perspectives, after all.