A few weeks ago I saw a new report about a website called: "Ultrinsic". For those of you whom haven't seen it, it's a website where college students put an amount of money for them to earn (or lose) depending on their grades. This is supposed to motivate students to study and work towards the grade they want, and if they achieve their desired grade, they earn the amount of money they put down for it. Another factor involves them losing the money if they fail to earn it. http://www.youtube.com/watch?v=6TqtA8BgBqk
It is a financial incentive for students to do their work, and perform well, but what is your opinion on this? Do you think it is right that students to earn money for their grades, and how does this compare to other forms of motivation? Such as natural interest or curiosity for a particular subject. Or is it an effect of industrialized schooling?