people shit on this because they're boring but to the extent colleges are about career prep this seems likely to correctly align incentives in the face of information asymmetryhttps://twitter.com/MarkAmesExiled/status/1020350417350389762 …
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Another happy side-effect: we get some really good data on college ROI
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not if you believe future earnings are biased
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That's not on the colleges :D
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I wonder how hard East Coast cathedral institutions could game this. Just select at 18 instead of 22, based on a self-fulfilling prediction of monetary success after graduation from their feeder program into whatever elite microculture.
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My guess is that they'd game it hard, and demand a higher fraction of earnings full stop, probably especially from legacies. Legit capable students might end up falling back to state schools, long term maybe Ivy cred falls?
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All this is to me is an accounting trick and no more or less coercive than our current broken system.
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Part of me feels like good schools have students who perform well inspite of their school, not because of it and that biased broken systems can live on inspite of what tricks you decide to do to shift obligations around.
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