Freakonomics » An Economist on the Oscars
“We don’t think our customers are smart enough to tell us which of our products are good. So we created a ceremony to correct our customers.”
Movies are not a product made just for the members the academy. These ventures are primarily made for the general public. And yet, when it comes time to decide which picture is “best,” the opinion of the general public seems to be ignored. Essentially the Oscars are an industry statement to their customers that says: “We don’t think our customers are smart enough to tell us which of our products are good. So we created a ceremony to correct our customers.”
The Oscars are hardly alone in the entertainment industry. We see something similar in the sports industry. The fans are not generally asked to choose the “best” player in each sport. Instead, experts (i.e. sports writers) often tell us who is the “Most Valuable Player,” who is an “All-Star,” or who is worthy of the Hall of Fame.
Win £1000 and design a new 50p coin
The Royal Mint are asking the public to design one of 27 coins to represent sports from Archery through to Wrestling. Designs however, must not include a recognisable likeness of a known sportsman or sportswoman. There are some more rules and you must follow the template given as some elements remain static like the London 2012, London Olympic Games Logo. So if you want to design a coin for the 30th Olympiad head on over to royalmintcompetition.co.uk
sports and shorts
okay not much to say really – the usual men and boys in shorts and footy gear making the stag in victoria look very busy. somehow or other i seem to have gotten a reputation as having a sportswear fetish which isn’t exactly true – I think I’d prefer them to be in just their undies 🙂
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