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Quizzes can be a good medium to generate value
There has always a good debate on the meaning of the term value. The central reason behind so much of brain struggle behind this topic is that defining value exactly has never been easy but always been of a great importance to humanity. Value works everywhere, let it be business, science, technology, anything.
It could be said that value is sometimes a stray synonym to addition, the surplus part. What ever you can add to anything is a value. Indeed this addition is the profit, the extra piece.
So can quizzes be valuable? Of course, why not. A perfect business model can add value to any other gaming model, mathematical, or real model. This is the philosophy on which square root quiz is actually based.
The central idea here is to add value with the aid of people. When you answer a questions on square root You actually add a value to its price and make it more valuable. And this extra value is generated by your mind, by something that you know.
This value addition is not only for the case of prices of the questions rather it is more significantly on the margins of the questions. It is so because margin is the actual thing that any user actually earn and this also keeps changing value. Every right answer increases the price and decreases the margin. Every wrong answer decreases the price and increases the margin. This is a perfect balance which any publicly available quiz should possess. In fact this the competitive factor that must be vested in a real business model.
Above all any business model that keeps adding up value and redistributing it based on competition, is perfect.