Student Incentives and Reactions

The video explores the role of incentives in education, focusing on a school experiment where students receive financial rewards for academic achievements. The experiment aims to motivate students by offering cash prizes and a chance to win a larger sum through a lottery, provided they meet certain criteria. The video also touches on the broader implications of financial, social, and moral incentives, and includes personal reflections on the relationship between money and happiness. The conclusion highlights the importance of setting goals and the potential for future improvements.

What types of incentives are mentioned as important in the introduction?

• Only financial incentives

• Social and moral incentives

• Physical incentives

• None of the above

How many freshmen were involved in the experiment?

• 500

• 900

• 1200

• 1000

What is the minimum grade requirement for students to receive the $50 reward?

• All C's and above

• All B's

• All D's and above

• All A's

What additional reward can students qualify for if they meet the criteria?

• $1000

• $100

• $500

• $200

What is the main goal of the experiment discussed in the video?

• To improve student performance quickly and cheaply

• To promote extracurricular activities

• To increase school funding

• To reduce the number of students

What vehicle is used to add excitement to the reward events?

• A school bus

• A sports car

• A motorcycle

• A Hummer limo

What is the speaker's view on money and happiness?

• Money can influence happiness depending on perspective

• Money is irrelevant to happiness

• Money always buys happiness

• Money never buys happiness

What service does the speaker mention in their personal anecdote?

• Dog walking

• Car washing

• Snow shoveling

• Lawn mowing

What is the consequence for students who do not meet the standards?

• They are expelled

• They do not receive the reward

• They are given another chance immediately

• They receive a smaller reward

What is the reaction of students towards the limousine ride?

• Excitement

• Indifference

• Disappointment

• Confusion