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I don't think your analogy makes any sense at all.
by purplelobster 14y ago
I don't think your analogy makes any sense at all.
- dmix 14y agoI believe he means that the expectation by the parent is for the child to perform well enough to get into an ivy league school, but the consequences of the child not performing well are non-existant (the bar being low). Alluding to it being a moral hazard.