At 2/7/13 10:46 PM, I-smel wrote:
Is it cos MY TIME IS VALUABLE!!? No, it's cos I'd feel bad for spending a week or a month on something just for laughs. I'd feel like I was procrastinating and putting off work. I'd feel like I was clownin' around and wasting time and being a slacker while I have unfinished deadlines to hand in on my desktop. At least if there's a prize I can lie to myself and say "Technically if I win then this counts as work, so I'm covered."
And the reason I said lieing to myself is because I'm never actually trying to win anything.
the thing is, you're saying that your time is valuable to you right there.
If you had no deadlines to meet, nothing to do, and you realized that you had from now until the end of time to finish one thing without any consequence whatsoever, would you do it?
There's people who say "Time is money" and think quite literally in that way; there's people who prioritize some things over others because, well, that's the way it needs to be done following whatever logic they follow through with at the time of planning; there's also people in between the two.
Whatever their reason, whatever their goal, the general populace tends to think their time is valuable to an extent. It simply mostly depends on what cutoff you're expecting. "free" puts off a pretty large number of people, however a large amount of money (as evidenced earlier by I-smel) will attract the wrong type of people for the competition.
There was a study a little while ago fronted as a writing contest (it may have been art, but I believe it was writing) in which the participants of the study were given a set amount of money to create a small story. One group was given $10, and one was given $1. They somehow tied it to a charity of some sort.
The $10 contest had more people, but the $1 contest had much better quality writings. There's obviously quite a few variables that may or may not have been taken into account, however I find it believable enough to pass along as factual evidence.