I lately taught at a faculty that had an eagle mascot. The varsity allows you to earn “Eaglebucks,” that are bodily purple coupons that can be utilized for actions and prizes. It is actually monopoly cash.
Public college economics class – he is a banker 🙂
for instance:
For $10 Eaglebucks, get right of entry to a highschool basketball sport + a pizza and a can of soda.
End class quarter-hour early on Friday afternoons with $5 Eaglebucks
$2 Eaglebucks gave me a sweet bar on the sweet stand within the cafeteria.
To earn Eagle Bucks, college students needed to carry out a collection of standard chores within the classroom or college. Clear the lunch desk – get the eagle buck. Earn some Eagle Bucks by assigning additional credit.and so forth
As I watched the Eaglebacks financial system whirl, I could not assist however discover. Kids are dropping a variety of worth.
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When discovering trade charges and performing value discovery, it’s best to make use of essentially the most liquid, fastened, and standardized instrument attainable to set the preliminary trade charge. A easy Hershey bar (the gold children model!) makes it straightforward.
In 2024, a typical Hershey bar will promote for about $1.69 at a grocery retailer checkout.
Utilizing this as a base, the Eaglebucks trade charge is $2 Eaglebucks = $1.69 or
EGLUSD = 0.845
1 Eagleback is price roughly USD 0.845. I am cooking now.
So, persevering with with the established trade charge, $5 Eaglebucks = 5 * 0.845 or $4.22 for quarter-hour of free time. Multiply this by 4 to get an hourly charge of $16.90. It is higher than minimal wage!
Equally, a $10 Eagleback can be $8.44. It is a nice deal that features a night time out, meals and drinks. (Gone are the times when he might purchase a slice for $1. 2Bros in Manhattan )
Nonetheless a goat
However regardless of the plain worth of the highest tier prizes, children had been operating to the sweet counter for Eaglebucks sweet at lunch day by day. However, few individuals had been prepared to pay him $10 to go to a sport after college (ignoring the truth that highschool groups suck and at all times lose…so are the Carolina Panthers, in spite of everything). A distorted sense of worth concerning the worth and worth of issues. They’ve so much to lose!
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What are your ideas? Have a query? Remark?
Attain out!Perhaps I will do a full put up on this matter or put up it as a Q&A
