Suppose an agency awards a …xed number of prizes to applicants in di¤erent categories such that the applicant-to-winner ratio is constant by category. It is demonstrated in a simple theoretical model that the number of awards in a category will typically be positively related to the degree of applicant uncertainty. The theoretical …ndings are related to awards data from the Social Sciences and Humanities Research Council of Canada doctoral fellowship competition. Acknowledgements: We thank Deb Fretz for substantial assistance and comments. We also thank Fred Hall and Eva Incze for help and Pau
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