Winning the Olympics
This video has an interesting showerthought about how to define who wins the olympics.
In short, rather than absolute number of medals (which favors large nations) or medals per capita (which favors small nations), a probabilistic-y combination of them is proposed (that’s obviously the technical term for it. Essentially it’s calculating which nations did better than expected probabilistically given their size).
Absolutely imperfect, but fun to think about.