The Candle Problem and the Big Tee Challenge - What's the verdict?
When I saw this Big Tee Challenge, my first thought was holy shit, that's a lot of tacos. Then I remembered this video about the candle problem and incentives that I saw a while back and it reminded me of it. I know 18 minutes is a long time away from searching for the perfect gif to burn someone with, but it's worth a watch nonetheless.
In point form, he argues that problems with unclear solutions (that require creative thought processes) are on average less likely to be solved using a 'carrot and stick' approach, or in other words, large cash incentives.
Without meaning to seem ungrateful to Threadless for putting up this kind of cash, I merely think it's an interesting point to discuss, what are the actual chances that they'll get the next big tee simply by offering more money? In my experience, the best ideas either happen spontaneously while doing something unrelated or grow out of existing passions and interests. Whenever I actually try to sit down and think of a killer idea right then and there, I fail miserably. Surely everyone is already, all the time, trying to create the next big tee. I know I am. I guess the argument is, if it was for a hundred dollars or a million, I don't think my capacity to come up with the best possible idea would change.
On the other hand, there is the argument that cash rules everything around me, cream, get the money, dollar dollar bills y'all.