Award Winning Research: Is the “Winner-Take-All Principle” Becoming Obsolete?

Many competitions in life—from innovation races and the assignment of bonuses in the workplace to college admissions and sports—are organized as tournaments. Participants expend effort or other resources and are rewarded based on the ranking of their performance. Those trying the hardest do not always win. While ability certainly plays a role, a nontrivial component…

Lessons from the Lab: Police Corruption and Law Enforcement

The results of our study are rather intriguing. First, we saw that the presence of police, even when it is corrupt, was much better than anarchy. Second, corrupt police managed to enforce the law no worse than honest police, although, of course,citizens incurred significant costs due to wide-spread bribery.