7 ms·

> ”probably didn’t see a lot of upward mobility” There was a case in Brazil recently where a medicine student in a top university embezzled from her graduation

by soneca 2y ago

> ”probably didn’t see a lot of upward mobility” There was a case in Brazil recently where a medicine student in a top university embezzled from her graduation party funds (she was at the party committee) to invest in cryptocurrency, make profit and return the money to the fund keeping the profit. But she lost money on crypto. Then she tried to gamble (playing a lot of money on the lottery) to earn what she lost. Lost everything and got caught. Expelled by the university. She had a lot of potential for upward mobility as a doctor from the most prestigious school in Brazil. Still did it.

TeMPOraL 2y ago
> She had a lot of potential for upward mobility as a doctor from the most prestigious school in Brazil. Potential, and after couple more years of exhaustion and suffering (as graduating from a medical school is typically only first half of the journey)? If potential far-away reward like this didn't discount to approximately 0 for most people, the world would've looked entirely different.
- refulgentis 2y ago
  Strawman that indicates either extreme boredom and desire for interlocution, or a misanthropic streak. To see it, who are there all these rubes who stay in middle school even though most people discount far-away reward to 0? High school? College?
  - TeMPOraL 2y ago
    > Strawman that indicates either extreme boredom and desire for interlocution, or a misanthropic streak. More like offering a potential counterpoint, motivated by general experience that people generally aren't stupid - even the most seemingly dumb behavior tends to have a motivation that feels reasonable(ish) to the person doing it. I don't think playing Devil's advocate is misanthropic. > To see it, who are there all these rubes who stay in middle school even though most people discount far-away reward to 0? High school? Do you even remember middle/high school? Obviously, kids stay in it because the law mandates so, and tolerate it because they meet other kids there and have some degree of autonomy over their social life. Consequences and rewards are both immediate. Compare with: "you need to learn because it will be useful for you in the future / will help you get good job", an argument that's well-known to work on nearly zero teenagers ever. > College? Mixed motivations, but the fact that social life gets taken up to 11 definitely doesn't hurt :). It's easy to keep long-term motivations in mind when following the path towards distant reward keeps yielding smaller rewards along the way. Take that away, and people check out or burn out.
    - stcredzero 2y ago
      More like offering a potential counterpoint, motivated by general experience that people generally aren't stupid I would say that everyone is smart and stupid at the same time, about different things at different times. Being a smarter person is attaining greater competence at keeping the stupid in check.
    - refulgentis 2y ago
      > I don't think playing Devil's advocate is misanthropic. Masterfully phrased :) i.e. you agree you were bored and looking for an interlocutor. > Do you even remember middle/high school? Yes. > It's easy to keep long-term motivations in mind when following the path towards distant reward keeps yielding smaller rewards along the way. Take that away, and people check out or burn out. Yeah I'm an economics college dropout from nowhere with a 2.8 GPA who couldn't make it to class. I flushed a 1560/1600 SAT and 173/180 LSAT down the toilet (read: Ivy League tier standardized test grades). I ended up working for Google as a SWE. How? After dropping out, I worked as a waiter, thought that rumored iSlate thing sounded pretty cool, and maybe I should make a restaurant app for it. Taught myself programming, launched after 2.5 years, sold it after 4, interviewed for Google expecting to fail. To peer poster's point: everyone is smart and stupid at the same time, about different things at different times.
      - smaudet 2y ago
        Someone who experienced the changing and flippant tides of fortune... You learned your numbers at least mostly meant nothing, and seemingly learnt the valuable lesson of hardwork and luck (and a brain cell or two to rub together). Maybe, someday you will be able to notice the rest of the drab populous, some of whom have no braincells, some that never learnt to work, or have never managed to have lady luck on their side, instead courting her cousins disease and malady, and you may regret your shortsighted and uninformed comment(s). The road to riches is not lined with short term rewards, but with trials and many a tribulation, hardly any of it deserved...
        TeMPOraL 2y ago
- xmprt 2y ago
  Most countries other than the US don't have such rigorous training for doctors. After graduating medical school (which is typically done while others are doing their bachelors), you have your medical license and can start practicing. Medical school is 6 years in Brazil as opposed to the required 4 years of undergrad, 4 years of medical school, and 3-7 years of residency (not counting any fellowship that you may opt to do afterwards). Which is all to say that she was right on the finish line before deciding to throw it all away.
  - the_af 2y ago
    > Most countries other than the US don't have such rigorous training for doctors Where do you get this notion? If Brazil is anything like Argentina -- and I bet it is in this context -- the study and internship stages of doctor training are positively grueling. Many doctors in training do drugs to cope. They work long hours and make all sorts of mistakes. Many are in terrible moods. And patients and people can get really rude and impatient with them. It can be a really thankless, grueling job. I wonder why people choose it at all.
    - ricardobeat 2y ago
      Used to be a desire to help people. Today, in countries like Brazil, mostly money - a doctor makes on average 20x the minimum salary, easily 40x.
      - the_af 2y ago
        To answer my own question, I do think people do want to help other people. My question was mostlt rethorical, more of a reflection on the difficult life they choose for themselves. But thankfully some people do think of others!
- mind-blight 2y ago
  There's an excellent essay on Anarchy Unbound about this. It analyses inter-group transactions and methods to not be cheated. Essentially, cheaters are defined as people who discount future transactions as 0. Therefore, I've easy to filter them out it's to require an upfront cost for any unknown person to transaction with you. The thing that blew my mind was you can use non-monitary costs. E.g. if someone from an out group learns your language and your culture, that's a moderate investment. To recoup that, they need to make multiple transactions and are therefore less likely to cheat. It's by no means a perfect metric - and it works much better in smaller, tribal settings - but it's still a fascinating analysis
jajko 2y ago
Momentary emotions often trump long term rational planning in certain types of people. Think of it as one of life's many filters - better such person didnt become a doctor, we wouldn't be talking about money being lost due to her stupidity.
wongarsu 2y ago
In a different day and age (and with a bit more luck) she would have gone on to invent fractional reserve banking.
- tomcar288 2y ago
  And if she had taken the govt route, she would have gone on to invenst quantitative easing.
ufo 2y ago
I'd add that in the Brazilian these medical schools frequented by the children of the elite, graduation party funds add up to hundreds of thousands of dollars. Students are expected to pony up a sizeable monthly sum starting from the first year of the graduation.

by soneca 2y ago

TeMPOraL 2y ago

> She had a lot of potential for upward mobility as a doctor from the most prestigious school in Brazil. Potential, and after couple more years of exhaustion and suffering (as graduating from a medical school is typically only first half of the journey)? If potential far-away reward like this didn't discount to approximately 0 for most people, the world would've looked entirely different.

refulgentis 2y ago
Strawman that indicates either extreme boredom and desire for interlocution, or a misanthropic streak. To see it, who are there all these rubes who stay in middle school even though most people discount far-away reward to 0? High school? College?
- TeMPOraL 2y ago
  > Strawman that indicates either extreme boredom and desire for interlocution, or a misanthropic streak. More like offering a potential counterpoint, motivated by general experience that people generally aren't stupid - even the most seemingly dumb behavior tends to have a motivation that feels reasonable(ish) to the person doing it. I don't think playing Devil's advocate is misanthropic. > To see it, who are there all these rubes who stay in middle school even though most people discount far-away reward to 0? High school? Do you even remember middle/high school? Obviously, kids stay in it because the law mandates so, and tolerate it because they meet other kids there and have some degree of autonomy over their social life. Consequences and rewards are both immediate. Compare with: "you need to learn because it will be useful for you in the future / will help you get good job", an argument that's well-known to work on nearly zero teenagers ever. > College? Mixed motivations, but the fact that social life gets taken up to 11 definitely doesn't hurt :). It's easy to keep long-term motivations in mind when following the path towards distant reward keeps yielding smaller rewards along the way. Take that away, and people check out or burn out.
  - stcredzero 2y ago
    More like offering a potential counterpoint, motivated by general experience that people generally aren't stupid I would say that everyone is smart and stupid at the same time, about different things at different times. Being a smarter person is attaining greater competence at keeping the stupid in check.
  - refulgentis 2y ago
    > I don't think playing Devil's advocate is misanthropic. Masterfully phrased :) i.e. you agree you were bored and looking for an interlocutor. > Do you even remember middle/high school? Yes. > It's easy to keep long-term motivations in mind when following the path towards distant reward keeps yielding smaller rewards along the way. Take that away, and people check out or burn out. Yeah I'm an economics college dropout from nowhere with a 2.8 GPA who couldn't make it to class. I flushed a 1560/1600 SAT and 173/180 LSAT down the toilet (read: Ivy League tier standardized test grades). I ended up working for Google as a SWE. How? After dropping out, I worked as a waiter, thought that rumored iSlate thing sounded pretty cool, and maybe I should make a restaurant app for it. Taught myself programming, launched after 2.5 years, sold it after 4, interviewed for Google expecting to fail. To peer poster's point: everyone is smart and stupid at the same time, about different things at different times.
    - smaudet 2y ago
      Someone who experienced the changing and flippant tides of fortune... You learned your numbers at least mostly meant nothing, and seemingly learnt the valuable lesson of hardwork and luck (and a brain cell or two to rub together). Maybe, someday you will be able to notice the rest of the drab populous, some of whom have no braincells, some that never learnt to work, or have never managed to have lady luck on their side, instead courting her cousins disease and malady, and you may regret your shortsighted and uninformed comment(s). The road to riches is not lined with short term rewards, but with trials and many a tribulation, hardly any of it deserved...
      - TeMPOraL 2y ago
xmprt 2y ago
Most countries other than the US don't have such rigorous training for doctors. After graduating medical school (which is typically done while others are doing their bachelors), you have your medical license and can start practicing. Medical school is 6 years in Brazil as opposed to the required 4 years of undergrad, 4 years of medical school, and 3-7 years of residency (not counting any fellowship that you may opt to do afterwards). Which is all to say that she was right on the finish line before deciding to throw it all away.
- the_af 2y ago
  > Most countries other than the US don't have such rigorous training for doctors Where do you get this notion? If Brazil is anything like Argentina -- and I bet it is in this context -- the study and internship stages of doctor training are positively grueling. Many doctors in training do drugs to cope. They work long hours and make all sorts of mistakes. Many are in terrible moods. And patients and people can get really rude and impatient with them. It can be a really thankless, grueling job. I wonder why people choose it at all.
  - ricardobeat 2y ago
    Used to be a desire to help people. Today, in countries like Brazil, mostly money - a doctor makes on average 20x the minimum salary, easily 40x.
    - the_af 2y ago
      To answer my own question, I do think people do want to help other people. My question was mostlt rethorical, more of a reflection on the difficult life they choose for themselves. But thankfully some people do think of others!
mind-blight 2y ago
There's an excellent essay on Anarchy Unbound about this. It analyses inter-group transactions and methods to not be cheated. Essentially, cheaters are defined as people who discount future transactions as 0. Therefore, I've easy to filter them out it's to require an upfront cost for any unknown person to transaction with you. The thing that blew my mind was you can use non-monitary costs. E.g. if someone from an out group learns your language and your culture, that's a moderate investment. To recoup that, they need to make multiple transactions and are therefore less likely to cheat. It's by no means a perfect metric - and it works much better in smaller, tribal settings - but it's still a fascinating analysis

jajko 2y ago

Momentary emotions often trump long term rational planning in certain types of people. Think of it as one of life's many filters - better such person didnt become a doctor, we wouldn't be talking about money being lost due to her stupidity.

wongarsu 2y ago

In a different day and age (and with a bit more luck) she would have gone on to invent fractional reserve banking.

tomcar288 2y ago
And if she had taken the govt route, she would have gone on to invenst quantitative easing.

ufo 2y ago

I'd add that in the Brazilian these medical schools frequented by the children of the elite, graduation party funds add up to hundreds of thousands of dollars. Students are expected to pony up a sizeable monthly sum starting from the first year of the graduation.