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I saw an informal study on the economics of prizes. Apparently, the monetary value of the effort that is put into solving the, the media publicity, etc. added t
by randomwalker 18y ago
I saw an informal study on the economics of prizes. Apparently, the monetary value of the effort that is put into solving the, the media publicity, etc. added together exceeds the value of the prize itself by anywhere between a factor of 10 and 50, depending on the prize.
- staunch 18y agoSounds like a very informal study.