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you are correct, but this is also what top tier universities are doing. They are betting on (selecting) the winners. The actual education adds almost nothing,

you are correct, but this is also what top tier universities are doing. They are betting on (selecting) the winners. The actual education adds almost nothing, except for some networking benefits.

aantix 3y ago
https://www.newyorker.com/magazine/2005/10/10/getting-in-ivy-league-college-admissions https://www.newyorker.com/magazine/2005/10/10/getting-in-ivy... “As a hypothetical example, take the University of Pennsylvania and Penn State, which are two schools a lot of students choose between,” Krueger said. “One is Ivy, one is a state school. Penn is much more highly selective. If you compare the students who go to those two schools, the ones who go to Penn have higher incomes. But let’s look at those who got into both types of schools, some of whom chose Penn and some of whom chose Penn State. Within that set it doesn’t seem to matter whether you go to the more selective school. Now, you would think that the more ambitious student is the one who would choose to go to Penn, and the ones choosing to go to Penn State might be a little less confident in their abilities or have a little lower family income, and both of those factors would point to people doing worse later on. But they don’t.” Krueger says that there is one exception to this. Students from the very lowest economic strata do seem to benefit from going to an Ivy. For most students, though, the general rule seems to be that if you are a hardworking and intelligent person you’ll end up doing well regardless of where you went to school."
- jaybrendansmith 3y ago
  That's interesting. Maybe this is the point, but observe that they are already leveraging the 'University of Pennsylvania' selection magic. Just because those students chose Penn State, for financial reasons or because they like the Nittany Lions, doesn't matter, the fact that they got into U of Penn means they are going to be more successful. If I were running admissions at a selective but middle tier College, I think I would immediately start training an ML model on the publicly available dataset but also historical datasets. Pretty soon I would be able to predict student future success with all kinds of interesting outliers that go beyond grades and SAT scores. I might find, for example, that inner city kids that create websites when they are 12 are extremely successful, or that kids who win the spelling bee when they are 9 go on to win at life. Who knows?

you are correct, but this is also what top tier universities are doing. They are betting on (selecting) the winners. The actual education adds almost nothing, except for some networking benefits.

aantix 3y ago

https://www.newyorker.com/magazine/2005/10/10/getting-in-ivy-league-college-admissions https://www.newyorker.com/magazine/2005/10/10/getting-in-ivy... “As a hypothetical example, take the University of Pennsylvania and Penn State, which are two schools a lot of students choose between,” Krueger said. “One is Ivy, one is a state school. Penn is much more highly selective. If you compare the students who go to those two schools, the ones who go to Penn have higher incomes. But let’s look at those who got into both types of schools, some of whom chose Penn and some of whom chose Penn State. Within that set it doesn’t seem to matter whether you go to the more selective school. Now, you would think that the more ambitious student is the one who would choose to go to Penn, and the ones choosing to go to Penn State might be a little less confident in their abilities or have a little lower family income, and both of those factors would point to people doing worse later on. But they don’t.” Krueger says that there is one exception to this. Students from the very lowest economic strata do seem to benefit from going to an Ivy. For most students, though, the general rule seems to be that if you are a hardworking and intelligent person you’ll end up doing well regardless of where you went to school."

jaybrendansmith 3y ago
That's interesting. Maybe this is the point, but observe that they are already leveraging the 'University of Pennsylvania' selection magic. Just because those students chose Penn State, for financial reasons or because they like the Nittany Lions, doesn't matter, the fact that they got into U of Penn means they are going to be more successful. If I were running admissions at a selective but middle tier College, I think I would immediately start training an ML model on the publicly available dataset but also historical datasets. Pretty soon I would be able to predict student future success with all kinds of interesting outliers that go beyond grades and SAT scores. I might find, for example, that inner city kids that create websites when they are 12 are extremely successful, or that kids who win the spelling bee when they are 9 go on to win at life. Who knows?