At the start of my research career I operated in a deadline-driven mode because that's what most researchers seemed to do. Gradually I discovered the value-driven way of working. I'm glad I had a supportive advisor who didn't make me chase deadlines. It took me 20 years to fully embrace the switch — it requires developing a long-term vision, willpower to create structure without deadline pressure, a theory of value, project management skills, good taste, the willingness to turn projects down, brutal honesty about whether our work is any good (even if it gets published), and a lot more. But there is no going back!
Many users welcomed Arvind Narayanan's shift to value-driven research for enabling deeper thinking beyond deadlines, while others noted such freedom typically requires tenure and overlooks systemic publish-or-perish pressures.
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Freedom from publish-or-perish is the biggest benefit of tenure. But by the time they get there, most researchers have been on the deadline treadmill for so long they've forgotten any other way to do things. The amount of wasted potential in academia is shocking and sad.
Tenure helps. As does explicit development of one's own "Band Manager" skills — executive function, that is. You can grow in this area if you try, which is a great blessing!
On picking projects, not problems:
One question I'm sometimes asked is how my research group picks problems. Do I come up with most of the ideas for new papers, or do the students? Neither!
I strongly believe that research is more effective if we pick projects, not problems. What's the difference? - Projects are long-term research agendas that last 3-5 years or more. A productive project could easily produce a dozen or more papers (depends on the field, of course — in some fields papers represent a lot more work than in others). - Projects are defined not by a research question but by a change we want to see in the world. For example, the goal of a current project in my group is to make AI more reliable. We may or may not succeed, but the point is that this is a much more ambitious scope than can be tackled in a single paper. (Some fields have a norm that their job is only to describe the world, not change it. This is culturally jarring to me but even in that case I think projects are better defined in terms of a change you want to see in the research community, if not the external world.) - Projects are best executed by a core team that stays together and provides intellectual continuity but with a diverse and varying set of collaborators for individual papers which helps constantly bring in new perspectives.
Why pick projects instead of problems? If your method is to jump from problem to problem, you face a tradeoff. You could pick small problems that you can tackle in a month or two, but in that case the resulting papers may not have much impact. Or your can go deep into a topic for many years (essentially what I've described as a project, but structured as a single paper), but that's extremely risky.
In my experience, once a research team is committed to a project, generating the research questions that individual papers in the project will tackle is fairly straightforward. Each paper in the project naturally generates a bunch of new questions and directions for future work. So generating new ideas is not the hard part, rather it is the profusion of ideas. How to select among them? Ideally some combination of intellectual curiosity and whatever best furthers the project's overall goals and vision.

@random_walker Thanks a lot, this could actually be generalized to life as a whole and not only research.

@random_walker value-driven beats deadline-driven for actually thinking
took me a similar shift to realize deep work cant be scheduled by panic

@random_walker the value driven column is only reachable once you already have tenure. framed as a personal choice, it hides that most researchers cannot afford 3-5 year projects mid career

@random_walker Where does curiosity driven research sit here? Much great work has been done to slake no more than curiosity, only to discover it has real benefit years or decades later. This mode seems to share many virtues of what you espouse but without the upfront value guarantee

@random_walker this is so real. the pressure to publish everything is insane but the best work i've seen comes from people who just give themselves permission to work on what matters