Mohamad Jebara: This company pays kids to do their math homework
Mohamad Jebara is the founder and CEO of Mathspace, an education technology product that provides students with guided feedback through the mathematics curriculum. Full bio
Double-click the English transcript below to play the video.
I've loved mathematics.
but a two-week period
the Extension Maths course.
about this brand new topic coming up,
of negative one?
the square root of a negative."
is the imaginary number i."
came crashing down on me.
with imaginary numbers."
let's get back with our program!"
meaningless calculations,
to quadratic equations.
we previously had no answers to,
of imaginary numbers.
and make up these imaginary numbers,
derive these amazing identities
of appreciation for mathematics.
with the subject more than ever.
sums it up beautifully when he says,
for play, for beauty,
long enough through the difficult parts
when it all ties together.
couple of weeks in high school.
in a lockstep process.
and appreciate that beauty.
to be skilled in mathematics.
intelligence and automation,
will either not exist
to require less routine work
and application of expertise.
the extra mathematics students
for mathematics skills rapidly increasing,
completing high school today in Australia
to understand any argument
election results,
to stress my point?
starting at zero, where it should be.
to influence you.
student engagement with mathematics,
a huge skills shortage crisis
by whoever can get the most air time.
encouraged to become teachers.
learning approach.
for eight years now.
as a derivative trader
to help students learn mathematics.
by schools across the globe.
the program regularly.
who use the program regularly.
and refining the application,
was not so much product related,
was motivating students
on their gaps in understanding.
in today's attention economy,
Snapchat and PlayStation
how we could make it worthwhile
some of their "attention budget"
spike in engagement
as soon as the novelty wore off.
economist, Steven Levitt,
who improved on their test scores.
about some of the things they tested for
that incentivizing students for inputs,
than incentivizing for outputs,
you could win them over with a trophy
10 dollars was good,
had to be instant
the students 20 dollars and say,
I'm going to take it back."
of implementing this in our program.
that crept in our minds.
if the students were no longer paid?
that we should study mathematics
for truth, for justice and for love!
I came to see that,
at mathematics now,
long enough to appreciate it.
struggling with mathematics today
in the distant future.
that's at work here,
in my derivative trading days
for a very long time.
call this hyperbolic discounting.
and came to see that as a society,
to financial incentives.
by employers or at home.
would pay their children
for doing chores in the house.
all that controversial.
of how we were going to fund this.
in their children's education.
a weekly subscription fee
their weekly maths goal,
directly into the child's bank account.
rather than performance
for the students to care.
my wife about this new business model.
that I've gone completely mad,
does their homework, which you want,
which you don't want.
an antibusiness model,
but you pay if you don't.
was going to jump on
sure we'd go bust pretty quickly,
the country's maths skills crisis.
a double bottom line,
a return for investors
to long-term profitability
should never be at odds.
their weekly maths goal,
How is this crazy business model going?
we're still in business.
for the last five months
home users in Australia
rolling it out to schools.
who are completing their weekly maths goal
completing their homework than not.
to be pretty steady, at around 75 percent.
our weekly subscription fee
we're rewarding the students.
some money on the table here,
than students not on the reward program.
a lower revenue per user
if they were no longer paid?
than just a subject you study at school.
the world around us.
the more you want to know.
will be the incentive
ABOUT THE SPEAKER
Mohamad Jebara - Education entrepreneurMohamad Jebara is the founder and CEO of Mathspace, an education technology product that provides students with guided feedback through the mathematics curriculum.
Why you should listen
Mohamad Jebara began his career as a derivatives trader where he became the youngest senior partner at a leading international firm after just four years. Yet he found himself eager to build value of a different kind -- so he quit to become a mathematics teacher. Mathspace is his effort to extend his enthusiasm for numbers to as many classrooms as possible.
Mohamad Jebara | Speaker | TED.com