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Two years in the past, 24,550 science and engineering doctorates were earned by students attending U.S. universities. That was down from slightly more than 25,500 in 2001 and from a peak of 27,300 in 1998, according to information from the Nationwide Science Basis. More not too long ago, a survey by the Council of Graduate Schools discovered a 32 p.c decrease in applications from worldwide students to U.S. graduate faculties for the fall.
“This creates an setting where slight leads accumulate benefit, sometimes with the pace of a contagion. Salganik, Dodds and Watts (2006) have demonstrated that music downloads are powerfully affected by data on what different users have chosen. The extra salient that consumer information, the more markets are inclined to produce winner-take-all results, though the precise winners are unimaginable to foretell earlier than the process begins. Below such circumstances, the “wisdom of crowds” (Surowiecki, 2004) may not be a reliable measure of high quality, nevertheless it concentrates public consideration nonetheless.