February2014 Archive

2014 Winter Olympics

2014 Feb 24   category: Latest News   author:  

Congratulations to all who took part in the Winter Olympics at Sochi and especially to those from the Russian Federation who pulled off a memorable national team performance. Indeed that nation can be said to have won, no matter how you look at the medals table. As to which nation came second, opinions may differ. We don’t, however, calculate a GDP adjusted ranking for the Winter Olympics as we do for the Summer Olympics because of the rather hard to measure ‘arctic’ or ‘alpine’ factor that impacts performance more than GDP. If a GDP adjustment were made, Norway would clearly be big winners, and they certainly benefit from the ‘arctic’ factor. So for the Winter Olympics we just sit back and enjoy our favorite events, like boardercross.