I suspect that super-competition exists in many areas far more than needs to happen, caused by people’s tendency to over-value sank cost to enormous proportions.
This includes everything from competing for professorship. Ivy League spots. Big-4 accounting jobs.
In fact, I will go further and say that, many things that comes with “prestige” and “status”, has some elements super-competition when viewed from a more rational point of view that ignores “prestige”. It happens far more than people realize.
I suspect that super-competition exists in many areas far more than needs to happen, caused by people’s tendency to over-value sank cost to enormous proportions.
This includes everything from competing for professorship. Ivy League spots. Big-4 accounting jobs.
In fact, I will go further and say that, many things that comes with “prestige” and “status”, has some elements super-competition when viewed from a more rational point of view that ignores “prestige”. It happens far more than people realize.