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by calebl
3228 days ago
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Loved this article. It presents a compelling case that most colleges are providing near-equivalent education, and that the variance is mostly in selection bias. My only objection: at the end, the author takes issue with the fact that it's nearly impossible to get people to take selection bias into account when choosing where to send their kids. However, there's another possible factor that I think parents might be considering: the network of connections that I build when I go to school X. Even if Harvard gives my daughter the same educational quality that, say, Florida State gives her... if she's likely to form a network of friends that are all approximately 100x higher in net worth, then if I care about her long-term economic outcomes, I'd still try hard to send her to Harvard, no? I'm not saying that's ideal, and it's most certainly an outcome of the exact selection bias you're talking about... just that it's a semi-rational choice for the parents, because school choices can often be about non-educational effects. Just my two cents, though... I could be way off. And regardless, thanks for the article.. definitely made me think about the topic more than I had. |
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You'll get a similar network working at your first job. And then your second job. The group you met in college is of little consequence in the end.