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Dear Economist: How should I incentivise my son to excel?

By Tim Harford

Published: September 6 2008 01:21 | Last updated: September 6 2008 01:21

Being a considerate father, I am planning a monetary incentive scheme to improve my 18-year-old son’s marks at school. Instead of executing a relative’s bequest as decreed, I intend to spend the €7,000 rewarding good results. During three semesters, he will have to pass 48 preliminary tests, then the main exams in the fourth and last semester. How should I divide up the capital?
Robert Saverin, a grateful father

Dear Mr Saverin,

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