Winner-Take-All Leads to Winner-Take-Most Winner-Take-All Effects in individual competitions can lead to Winner-Take-Most Effects in the larger game of life. From this advantageous position—with the gold medal in hand or with cash in the bank or from the chair of the Oval Office—the winner begins the process of accumulating advantages that make it easier for them to win the next time around. What began as a small margin is starting to trend toward the 80/20 Rule. If one road is slightly more convenient than the other, then more people travel down it and more businesses are likely to build alongside it. As more businesses are built, people have additional reasons for using the road and so it gets even more traffic. Soon you end up with a …show more content…
Those that are slightly worse end up with next to nothing. This idea is sometimes referred to as The Matthew Effect, which references a passage in The Bible that says, “For all those who have, more will be given, and they will have an abundance; but from those who have nothing, even what they have will be taken away.” Now, let's come back to the question I posed near the beginning of this article. Why do a few people, teams, and organizations enjoy the bulk of the rewards in life? The 1 Percent Rule Small differences in performance can lead to very unequal distributions when repeated over time. This is yet another reason why habits are so important. The people and organizations that can do the right things, more consistently are more likely to maintain a slight edge and accumulate disproportionate rewards over time. You only need to be slightly better than your competition, but if you are able to maintain a slight edge today and tomorrow and the day after that, then you can repeat the process of winning by just a little bit over and over again. And thanks to Winner-Take-All Effects, each win delivers outsized rewards. We can call this The 1 Percent Rule. The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams, and organizations that maintain a 1 percent advantage over the alternatives. You don't need to be twice as good to get twice the results. You just need to be
Other roads are normal local roads linking to other local places such as Hayes to Uxbridge. This would be used by some tourists who want to discover local areas and wanted to travel to another local city or places.
Participation trophies are changing kids ideas of winning around the globe in many ways. First off, it gives children the wrong impression on working or putting an effort towards something. Trophies are something you should have to earn. Life doesn’t give you a participation medal, you have to earn it (Website #2). Kids just need to learn that
Winning is something that you haft to work hard to do.its also something you can brag about. Winning is also something you can choose to do. Winning is something everyone can do but standing up is something most want do.
Some people sit back and think about how good of a life they have, while others are wondering why they are constantly feeling like they are at a disadvantage. This is what Namit Arora, discusses in his essay “What Do We Deserve?” He often thinks to himself, “How much of my good life do I really deserve? Why me and not so many others?” (Arora 87) and what he means by this is, why is it fair that he receives so many rewards in life when others are struggling to pay the bills. Well I completely agree with him; not everyone is going to have the same rewards in their lives because of many different factors including family background, genetics, environment and so on. However, while one might not start off as wealthy or intelligent
|Competing, where each individual is |to be able to accomplish what must happen, |because it denotes a winner or looser |
Kushell, E., Michael A, Heide D and Bosserman N, in their article explain that “Kerr’s words help explain today’s disappointing competitive results.” They further explain that most organisations continue to reward less productive behaviour, using the example of getting a job done being more important that how the job gets done at the expense of long term gains in productivity.
I am an overachiever and I live by the notion of meritocracy. I believe that the hard work and effort that I put into everything will equate into success. For me, the door of opportunities is opened for those who knock on the door with the right skills, attitude, merit, and character. I believe the lie of the “American Dream” that if you put your mind and heart to accomplish something, you can certainly do so. When hospitals, successful businesses, and law firms look for people to hire, they want the cream of the crop. Would you honestly hire a mediocre lawyer or let a doctor who barely passed medical school to operate on you? I believe the answer is no. I strive to be the cream of the crop so that I can earn what I worked so hard to
Hess. Merit pay systems create unhealthy competition between educators which should be working together to ensure that the best possible educational is being given to every student. If one observes an effective educational institution in operation, one will notice those institutions that are highly rated are essentially partnerships between various educators with various teaching styles and personalities teaming together to impart wisdom on young minds primed for educational molding. The general concept behind merit pay systems makes this type of partnership unattainable. In an article published in Education Week Kim Marshall stated that “When individuals are rewarded, collaboration suffers”. Educators become more concerned with outperforming their counter parts to gain pay raises then working together to educate young minds.
Participation trophies are soft. You should not get a medal or trophy just for participating in an event. It makes the younger generations that all they have to do is try and it makes everything okay. Not the case. As pessimistic as it may sound, what truly matters in our society today is results.
We live in a world where most humans act like sheep following the herd; most people would rather follow the crowd rather than think for themselves. From cheating on an exam to copying other people’s ideas, that seems to be the norm in our society: most people want the easy way out for everything, as thinking is actually hard to do. So for the very few people who do put effort into thinking and use their creativity to develop novel ideas and implement them through the commercialization of a product or service, they have to be rewarded so that all their effort, time, and money aren’t spent in vain.
Doing anything it takes to get to that prize. To receive a prize it takes work. Working to win, having a strategy. Forming a team to come together, because you may not be string enough to win by yourself.
Despite determining to achieve the “joy of effort” among the athletes, as well as the people who are interested in and watch the Games, the IOC constantly reminds the public of the significance and the power of winning the Games and receiving the medals. As found in many official Olympics websites from the Sochi Olympics 2014, London Olympics 2012, dated back to Beijing Olympics 2008, and also more, the ranking of the medals for each country could easily be located, while the Olympic Charter (2015) itself states that “the IOC and the OCOG [the Organising Committees for the Olympic Games] shall not draw up any global ranking per country” (as cited in Davis, 2014). Even though the instinct to win might already be innate or pre-constructed in humans, clearly, the act of the IOC in illustrating the medal rank of each country can influence the degree of awareness in the concept of winning and losing, as well as the physical and emotional aspects of an intense competition resulted from nationalism. Therefore, regardless of the goal of the IOC to uphold the ideals of the Olympics, the standards cannot be completely achieved because the IOC also violate the value of “joy of effort”
When you stop trying to get better, you’re bound to get worse. After winning a few games there is no settling for what has been done, there is always work to be done and improvement to make. Riley states “Players cannot be “game players.” They can’t turn it on and off. They have to always be doing things well and their best to accomplish their best. Being competitive is a great habit, because it guards you from getting too complacent.”
is handled. If you perform to your best ability, then you have won the only
There are many reasons but the simplest explanation is that most people identify with the winner, and they feel better about themselves; as if they had won.