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What's the ev for going to college once you factor in graduation rates? People that get two or three years of college debt and no diploma have a big hole to fi
by toast0 7mo ago
What's the ev for going to college once you factor in graduation rates?
People that get two or three years of college debt and no diploma have a big hole to fill and a small shovel.
Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear. It's more about a small spending for a large potential. But then you get into repeated small wagers and such.
- jeffbee 7mo agoIf I borrow a lot of money to start a business and then don't start the business I would also be in the hole. So, don't do that?
- Acrobatic_Road 7mo agoyou can always go back and finish later...that's what I'm doing.
- toast0 7mo agoMy school expires credits after 7 years.
- Aunche 7mo agoCollege graduates make over $1 million in their lifetime compared to high school graduates. > Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear. You're right. The more money you have, the less utility it gives you, which makes gambling for a windfall an even worse decision. Worse still if you include taxes.
- tonyedgecombe 7mo agoI always thought those numbers were dubious because you are mostly comparing people who are capable of getting a degree with those who aren’t.
- toast0 7mo agoWhat about college dropouts?
- verteu 7mo ago> What's the ev for going to college once you factor in graduation rates? Very positive (IRR ~9%). It's been studied extensively: https://openknowledge.worldbank.org/server/api/core/bitstreams/cb09c589-14c6-5675-8026-39333ff71532/content https://openknowledge.worldbank.org/server/api/core/bitstrea...