RE: Concept for a new coin: My whitepaper created for an Entrepreneurship course

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Concept for a new coin: My whitepaper created for an Entrepreneurship course

in cryptocurrency •  7 years ago 

We also want to get rid of the culture of mediocrity. Students do not have enough incentive to perform. There are tons of students that have no reason to go for a high GPA, while they are definitely able to. Our financial reward is very much alike a scholarship and it will help push those students to try harder and actually perform as they should.

Sorry, but:

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Would love to see a similar study done with students. Maybe there has been. I think the incentives while working might not work because people are already getting paid, or don't actually want the incentive. Students are much poorer, really like spending money and spending an extra hour studying is less of a hurdle perhaps.

Scholarships show that students definitely work harder if they have the pressure of losing a scholarship if they do not work hard enough.

It's an interesting thing to think about. I do wonder what would happen if this was actually a thing we would create and it became a success.

  ·  7 years ago (edited)

It is the same regardless of students or grannies.

Scholarships show that students definitely work harder if they have the pressure of losing a scholarship if they do not work hard enough.

Yes, that is in part true. A strong external motivation is quite powerful, internal motivation has to come from somewhere.
But there are extremes to both sides. Burn-Out or karoshi.