Prizes for competitions
July 10, 2009 4:08 AM Subscribe
How does prize money effect entry to free to enter competitions?
I would like to know how prize money effects entry rates on free to enter competitions.
Are there studies which compare entry rates on competitions where everything is the same except the prizes that are on offer?
Does the style of competition effect entry rates regardless of the prizes available? Will someone enter something they aren’t interested in because there is a prize available (prize motivated), and will someone enter something they are interested even if there is no prize available (motivated by the thrill of getting something right and winning)?
How do entry rates for competitions (such as the ones listed below) vary due to the effort involved in entry? If a prize is subsequently factored in how does that affect the entry rates?
1. Picking numbers like the lottery, low effort
2. Answering a simple multiple choice question where the wrong answers are meant to be clearly wrong, low effort
3. Picking the winner of a sporting tournament, low effort
4. Picking the winner and runners up of a sporting event, medium effort
5. Picking the winners of every match in a sporting tournament, high effort
Are people only interested in the first prize or do they also like to see runner up prizes? Do prize amounts affect their interest in entering the competition?
To summarise:
Do prize funds affect people’s motivation to enter competitions?
Are people motivated by 1st prizes only or do they want to have runner up prizes and what ratios should the prize amounts be?
Do prize funds affect people’s motivation to enter high effort competitions?
Do prize funds affect people’s motivation to enter high effort competitions that they are already interested in (a game where getting something right is a reward in itself)?
I would prefer to receive information on studies, scientific experiments, and research into the psychology of entering competitions and how the effort to enter, prizes involved and motivation to play affect people.
Thank you in advance for your assistance!
I would like to know how prize money effects entry rates on free to enter competitions.
Are there studies which compare entry rates on competitions where everything is the same except the prizes that are on offer?
Does the style of competition effect entry rates regardless of the prizes available? Will someone enter something they aren’t interested in because there is a prize available (prize motivated), and will someone enter something they are interested even if there is no prize available (motivated by the thrill of getting something right and winning)?
How do entry rates for competitions (such as the ones listed below) vary due to the effort involved in entry? If a prize is subsequently factored in how does that affect the entry rates?
1. Picking numbers like the lottery, low effort
2. Answering a simple multiple choice question where the wrong answers are meant to be clearly wrong, low effort
3. Picking the winner of a sporting tournament, low effort
4. Picking the winner and runners up of a sporting event, medium effort
5. Picking the winners of every match in a sporting tournament, high effort
Are people only interested in the first prize or do they also like to see runner up prizes? Do prize amounts affect their interest in entering the competition?
To summarise:
Do prize funds affect people’s motivation to enter competitions?
Are people motivated by 1st prizes only or do they want to have runner up prizes and what ratios should the prize amounts be?
Do prize funds affect people’s motivation to enter high effort competitions?
Do prize funds affect people’s motivation to enter high effort competitions that they are already interested in (a game where getting something right is a reward in itself)?
I would prefer to receive information on studies, scientific experiments, and research into the psychology of entering competitions and how the effort to enter, prizes involved and motivation to play affect people.
Thank you in advance for your assistance!
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posted by OlivesAndTurkishCoffee at 3:11 PM on July 10, 2009 [1 favorite]