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by Anisa_Mirza
1085 days ago
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We do! Have you seen some of the interviews with past winners? Our kids range from parents who have a second home in the Hamptons, NY (high networth) all the way to parents from mid to mid-low income bracket. Using usd cash prize is a HUGE incentive to get kids excited. I have observed no difference based on parents income bracket oddly. Lesson: kids don’t care to virtue signal :) Even our school launches go better when there is a usd cash prize for top school. Having said that, we reward users with our own in app currency, Litcoin, after the first promotional usd prize. The reason it works is that after a month with us, kids value Litcoin and care for it more than the usd reward. Past winners videos:
https://www.litnerd.com/post/a-new-litnerd-reading-club-tour... https://www.litnerd.com/post/litnerd-reading-club-tournament... |
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Won't the results of classic intrinsic vs extrinsic motivation studies apply?
I'd imagine if reading (and learning in general) is extrinsically driven, one might move the needle say from 0->5. Once the driver is removed, I'm having a hard time seeing it succeed.
I do not have studies or large scale data to back it, but my boys (12, 17) have exhibited the drop-off in interest once the extrinsic motivation and/or peer group vanishes.
Perhaps it's not in your business interest to do so, but it'd be very useful to understand the longer term implications of a program like this.
I do not mean to discourage you - just curious - and wishing I could take back my tiger parenting altogether.