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My lab has research data that engineering students who are nearing the end of their BS degree and are enrolled in entrepreneurship minors and certificates who c
by avs733 4y ago
My lab has research data that engineering students who are nearing the end of their BS degree and are enrolled in entrepreneurship minors and certificates who cannot differentiate between revenue and profit.
What is really interesting is that when asked directly, they can clearly articulate the difference. However, when making decisions typical of early stage entrepreneurship - the terms collapse in on one another and they rely on a series of interesting heuristics that are badly biased towards how entrepreneurs are represented in media.
The reality is that education is slow - especially education about a topic that comes with a lot of 'colloquial baggage'. Students here these terms and have a mental model/memory structure of them. Teaching what seems like 'simple' things is way more than transferring information. It's not bits sent through the air - its like doing an over the air firmware update using AM radio when the received may not have had its battery properly charged - and also installing new programs at the same time.
- urthor 4y agoWhat I see with finance is a HUGE discrepancy between out of classroom learning. High socioeconomic advantaged students are just prepared incredibly well for these discussions. It's very, very uphill for students who don't have that background of wealth to make up for a lifetime of family attention to the world of finance. Ultimately university coursework is mostly just an introduction to any topic. You have to find the passion to make it a subject of your "dinner table" time to make any progress in a field.
- kevin_thibedeau 4y agoI'd bet many couldn't explain what a logarithm is either.
- avs733 4y agoI don't know, we didn't ask that.
- ketzo 4y agoDo you have links to any kind of published data/papers about this? That’s really interesting and I would love to learn more.
- avs733 4y agoThis is an early draft version of the analysis... https://peer.asee.org/engineering-students-misuse-of-business-concepts-understanding-problematic-precursors-to-entrepreneurship https://peer.asee.org/engineering-students-misuse-of-busines...