Why Do Wealthy Parents Have Wealthy Children? – Typical explanation is good genes, better parenting and safety nets. This study however controls for genes by studying children born in Korea but adopted by Norwegian parents. I cannot access the article itself but the abstract is already informative: “We show that family background matters significantly for children’s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents raising them.”
A wealth of discovery built on the Human Genome Project — by the numbers – It’s the 20th anniversary of the human genome project. Researchers are then revisiting its impacts on science and medicine. This article notes that instead of researchers exploring widely the genome, attention was given only on a few promising ones (probably responding to incentives). As always, the visuals produced Barabasi’s group are incredible to look at.
Global citation inequality is on the rise – Following the Matthew principle. the rich becomes richer, also in the sciences. The study finds that the most cited scientists (top 1%) have grown their share of citations from 14% to 21% from 2000 to 2015. Not really surprising considering successful researchers are able to attract better collaborators, brighter graduate students, more funding and goodwill from publishers. The only problem though is when these inequalities hinder more novel research areas from being explored.
Reinventing Innovation Management: The Impact of Self-Innovating Artificial Intelligence – the author introduces the concept of self innovating AI, which refers to the use of AI to create or improve new products from continuously assembling and analyzing data from multiple sources. With data attracting more data, this is once again a source for future inequality across firms. Those who are already leveraging data now would be better prepared for this future.
Deep Tech: The Great Wave of Innovation – just a great primer on deep tech by Hello Tomorrow and BCG. With deep tech going to transform the future, businesses and governments needs to invest in these technologies to avoid getting left behind.