[revlsas]

How could it possibly be the rational choice if the ev doing so is so ridiculously negative?

Having student debt doesn't justify throwing away the rest of your residual income

[toast0]

What's the ev for going to college once you factor in graduation rates?

People that get two or three years of college debt and no diploma have a big hole to fill and a small shovel.

Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear. It's more about a small spending for a large potential. But then you get into repeated small wagers and such.

[Aunche]

College graduates make over $1 million in their lifetime compared to high school graduates.

> Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear.

You're right. The more money you have, the less utility it gives you, which makes gambling for a windfall an even worse decision. Worse still if you include taxes.

[tonyedgecombe]

I always thought those numbers were dubious because you are mostly comparing people who are capable of getting a degree with those who aren’t.

[toast0]

What about college dropouts?

[verteu]

> What's the ev for going to college once you factor in graduation rates?

Very positive (IRR ~9%). It's been studied extensively: https://openknowledge.worldbank.org/server/api/core/bitstrea...

[jeffbee]

If I borrow a lot of money to start a business and then don't start the business I would also be in the hole. So, don't do that?

[Acrobatic_Road]

you can always go back and finish later...that's what I'm doing.

[toast0]

My school expires credits after 7 years.

[nikanj]

-If I don’t gamble, I’ll live my whole life as a poor serf

-If I gamble and lose, the same wage cuck life awaits me

-If I gamble and win, I may actually ascend and have the kind of life I aspire to