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A Taxonomy of Prize Contests
Pages 4-4

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From page 4...
... in general, recognition prizes do not provide incentives for contestants to invest additional scientific or technical effort or change the focus of their work in order to effect their likelihood of winning the prize.8 By contrast, inducement prize contests-the focus of the NAE workshop and this reportrequire additional effort by contestants, directly related to the achievement of a clearly specified objective, if they hope to win the prize. Notable prize contests of this type have included privately sponsored prizes such as the Orteig Prize won in ~ 927 by Charles Lindbergh for being the first to fly nonstop from New York to Paris, or the recent contest to circle the world in a balloon sponsored by Anheuser-Busch.9 Government-sponsored prize contests of this type include the well-chronicled prize offered by the British Parliament in 1714 for the first to invent an instrument for accurately measuring longitude at sea,~° as well as the aforementioned Malcolm Baldrige National Quality Awards.


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