
South Pole Race: David and Goliath on Ice
Cautionary Tales with Tim Harford
00:00
Lessons from Public vs. Private Expeditions
Private expeditions outperformed public expeditions in major achievements like navigating the north-west passage due to better preparation, more focus on success, and less bureaucratic interference. Public expeditions faced challenges like slow learning from experience, hierarchical structures, poor preparation, and interference from bureaucrats who did not participate in the expeditions.
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