Incentivizing Preparedness Investment: A Contest by trialballoon
Pitch
A contest for most effective preparedness investment
Description
Summary
There is not enough data about preparedness investment effectiveness. In order to collect such data there needs to be an incentive. A contest for most effective preparedness investment would incentivize the collection of such data. Contest candidates would be required to document the effectiveness of investments in preparedness. An appropriate prize would be awarded. The data could be used to show the effectiveness of preparedness investment. Reports could be generated and published showing the most effective preparedness investment strategies.
What actions do you propose?
Seek contest prize sponsors
Publish contest announcement
Collect preparedness investment effectiveness data
Award prize
Publish reports of most effective preparedness investments
Who will take these actions?
Contest sponsors
Contest candidates
Where will these actions be taken?
Contest eligibility should be universal
What are other key benefits?
Recognition of specific preparedness investment effectiveness increases chance of continued or increased investment
Potential preparedness investors will more likely invest if they have data supporting effectiveness of specific strategies.
What are the proposal’s costs?
Possibly zero as sponsors may use marketing budgets for contest sponsorship.
Time line
Frequency of contest would be based on level of success.