Dr Christos Genakos, Senior Lecturer in Economics at Cambridge Judge Business School, looks for parallels between sports such as weightlifting and diving competitions and top-level money management or pharmaceutical development. “In all of these diverse fields, there is an element of ‘tournament’. The rewards are fixed in advance, concentrated at the top, and based on relative rather than absolute performance,” he writes.
Read the full article [theconversation.com]
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