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