[I would also ask the winners to kindly not offer to donate the money to charity, but to actually take the prize money and spend it on something that they selfishly-want, such as ice-cream or movie tickets or some other luxury item. Establishing a norm of giving away prizes creates very bad incentives and will tend to decrease the degree to which prizes actually motivate people in the future]
I like that not only must the the spending be selfish, it must serve your short-term interests, not just your long-term interests. Hyperbolic discounting ftw!
I like that not only must the the spending be selfish, it must serve your short-term interests, not just your long-term interests. Hyperbolic discounting ftw!