Wednesday, March 20, 2013

Innovation in sailboat racing driven by contest

This is such a cool video that I needed to find a link to managerial economics so I could post it.  Here it is:  a "prize" is a better way of encouraging innovation than subsidies.  See our earlier post, Prizes (McCain, battery) vs. subsidies (Obama, ethanol)

1 comment:

  1. Innovation in life is absolutely must and we’re not going to succeed if we stick to same thing for too long. I mainly do Forex trading and there I prefer to work with OctaFX broker, it’s a wonderful company with so many benefits for me whether it’s with their conditions or stuff like deposit bonus, it’s all really cool and helps us with performing well due to higher capital while the risk is lower to due to such big addition.