> The model predicts that the best strategy for getting talented people to deliver results is giving a small amount of funding to everyone equally. How does th

> The model predicts that the best strategy for getting talented people to deliver results is giving a small amount of funding to everyone equally. How does that protect against people squandering the funding? They need some incentive to try to achieve something with it. That's what an innovation prize offers -- a reward for performance. "future performance" is the candidate's problem, not the funders. This is how sports and stock markets work, relatively effectively.