Wednesday, August 1, 2012

Internet Billionaire Creates Huge Physics Prize

This guy's mistake is selecting too few winners and giving them too much.

If he wants to promote the field, he needs to make the rewards more broadly available: i.e., instead of 3, $3M awards, how about 300 $30,000 awards? It's enough to provide good incentive while not removing the need of the winners to ever have to work again!

That's the problem with the current economic model. A few "winners" at the top and everyone else lives on the crumbs.
Consider, those "winners" are maybe only.1% better than the next guy below him.

But the next guy below him? His reward is NOTHING, not $2M.

How about you make "winners" out of the top 50% instead instead of just the infinitesimal ever-so-slightly-better????

--PeterM

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/mTQFpB4ff74/internet-billionaire-creates-huge-physics-prize

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