[SunshineTheCat]

Slightly off topic, but I am continually perplexed by so many adhering to this archaic idea that memorizing and regurgitating information is "learning."

The issue in this context is that there are very few "right" or "wrong" answers in business (there are some) but the vast majority of the decisions you will make in business are pros/cons and weighing the best option at the time. And what works for one business will not work for another.

I've always found quizzes and tests to be a giant waste of time, largely because they have you spend time trying to guess what the "teacher" or material wants you to say rather than what's actually beneficial or useful to what you're trying to accomplish.

A better alternative is to give "projects." Not busywork, but something specific you can do that can actually help you take steps toward launching or growing a business. (Not worksheets, something you can actually use).

Beyond all of this, the information isn't really valuable anyway unless it's coming from someone who has build numerous successful businesses and can provide insight into which pieces they found valuable and which they didn't.

Insight is always way more valuable than conventional wisdom, especially in the realm of business.

[graemep]

I agree that memorising and regurgitating is not useful here, but I do not think the information should come from someone who has built businesses. This is an attempt to teach business school knowledge. Its called "Core MBA"! The best people to provide this information are the people who teach business.

I am very suspicious on insights from people who have been successful at business. Trying to infer from their success is subject to survivorship bias, they may have advantages they are not entirely honest about (especially after the first success), and their experience is usually quite specific.

[dwroberts]

I agree that memorising things isn’t learning, but I think it’s generally understood that it is a critically important step in learning.

In technical subjects you need immediate recall of a lot of different things to be able to move onto more advanced topics.

In the humanities like history and written analytical topics like this, I would argue that memorisation of past situations etc is supposed to be the groundwork that you begin to grow your own critical thinking from. It’s not expected that you slavishly apply identical copies of what you’ve learned, they are just examples

[Core_Dev]

I would say that this is literally the idea that I wanted to convey in the project: quite often there are no correct answers.

The goal of the project is to show where mistakes are most often made and try to make them in a simulation, be it a quiz or a market simulation, rather than in real life.