Swedish Academy Won’t Award Nobel Prize in Literature This Year

Re:Swedish Academy Won’t Award Nobel Prize in Literature Thi... by theoh on Friday May 04, 2018 @08:26AM (#16993993)

That's just how prestige works. It's a social phenomenon, not an objective reality. It can snowball.

This book has an interesting but slightly reductive take on how prestige works in the arts: https://global.oup.com/academic/product/artworld-prestige-97...

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Re:Swedish Academy Won’t Award Nobel Prize in Literature Thi... by Moodles on Friday May 04, 2018 @08:56AM (#16994198)

Indeed. One prize gets 1% prestige, so people want to win it. More people want to win it, so the prize gains more prestige, etc.

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Re:Swedish Academy Won’t Award Nobel Prize in Literature Thi... by ska on Friday May 04, 2018 @10:22AM (#16994784)

So you've answered your own questions as to why this isn't strange at all - it's just how social capital works.

Why else would the premier restaurant review have been started by a tire company? It's all path dependence, and once you get enough momentum behind one choice it becomes self reinforcing.

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Re:Swedish Academy Won’t Award Nobel Prize in Literature Thi... by Moodles on Friday May 04, 2018 @12:12PM (#16995701)

> So you've answered your own questions

Yes, I am trying to.

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