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Are you saying you wouldn't take a look at this spreadsheet? I definitely would. Though I don't think it's possible it would certainly be interesting to see s

Are you saying you wouldn't take a look at this spreadsheet? I definitely would. Though I don't think it's possible it would certainly be interesting to see someone try, and if it failed to be interesting I could entertain myself by writing a comment explaining how they had failed. You say that education's value is "unquantifiable" but that's not quite even wrong. The question isn't "What is the ineffable value of education?" But rather, "How much should we be spending on education?" and that is perfectly quantifiable. Indeed, we spend some quantity of money on education currently - should we spend more or less?

tsimionescu 5y ago
The discussion of how much money to spend on education should not be done based on some expected value of education. It should instead be done by polling various interested parties on how they feel about current the current education system, what resources they are missing (if any), what types of spending are not producing useful results etc. You don't have to quantify the expected value in order to decide on costs - this is only done as a reductionist homo economicus type model. For a more direct example, when deciding to go watch a movie, do you do some computation of how much your net worth will increase by virtue of seeing the movie, and compare that to the ticket price? Or are you simply acting on practically unquantifiable subjective feelings of enjoyment about the movie, and comparing the price to entirely different goods (e.g. you probably wouldn't go if the ticket price is 10000$, because you can buy other things you feel are much more enjoyable/important with that kind of money).
- ALittleLight 5y ago
  It's not reasonable to liken the decision making processes of deciding to go see a movie and determining government funding priorities for education.

tsimionescu 5y ago

The discussion of how much money to spend on education should not be done based on some expected value of education. It should instead be done by polling various interested parties on how they feel about current the current education system, what resources they are missing (if any), what types of spending are not producing useful results etc. You don't have to quantify the expected value in order to decide on costs - this is only done as a reductionist homo economicus type model. For a more direct example, when deciding to go watch a movie, do you do some computation of how much your net worth will increase by virtue of seeing the movie, and compare that to the ticket price? Or are you simply acting on practically unquantifiable subjective feelings of enjoyment about the movie, and comparing the price to entirely different goods (e.g. you probably wouldn't go if the ticket price is 10000$, because you can buy other things you feel are much more enjoyable/important with that kind of money).

ALittleLight 5y ago
It's not reasonable to liken the decision making processes of deciding to go see a movie and determining government funding priorities for education.