Estimating the NIH Efficient Frontier

@inproceedings{Bisias2012EstimatingTN,
  title={Estimating the NIH Efficient Frontier},
  author={Dimitrios Bisias and B. Andrew W. Lo and J Frederick Watkins},
  booktitle={PloS one},
  year={2012}
}
BACKGROUND The National Institutes of Health (NIH) is among the world's largest investors in biomedical research, with a mandate to: "…lengthen life, and reduce the burdens of illness and disability." Its funding decisions have been criticized as insufficiently focused on disease burden. We hypothesize that modern portfolio theory can create a closer link between basic research and outcome, and offer insight into basic-science related improvements in public health. We propose portfolio theory… CONTINUE READING
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