Ten left-leaning lessons from *The Case Against Education*: http://econlog.econlib.org/archives/2018/04/leftist_lessons.html …
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Replying to @bryan_caplan
If college is primarily about 'signaling' then I would expect big changes coming in this market space, in large part because attitudes towards the efficacy of college are rapidly changing too.
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Replying to @SpencerBaum1
I hope you're right, but my book specifically argues the opposite. Why? Because Sending innovative new signals of conformity signals... non-conformity.
#Catch222 replies 0 retweets 9 likes -
Replying to @bryan_caplan @SpencerBaum1
@bryan_caplan, do you have an informed guess about whether seemingly innovative nonconformists are (a) part of a non-distinguished negative marginal product pool, (b) pose principal-agent problems to managers or HR, or (c) tend to be surprisingly bad for companies?2 replies 1 retweet 7 likes -
Where Scott Alexander's (?) hypothesis that by default the first people to try an innovative new signaling system were selected to have failed at the old one, would fall under (a).
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I find (a) plausible because Thiel Fellows seem high-status and employable afaik, and the structure of the Thiel Fellow system is an assault on the failure presumption. So arguably distinguishes against b and c. But with so few Thiel Fellows we might not detect general prejudice.
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