Why Do Party Schools Rank So High?

wutangfinancial
Fri, 27 Jul 2007 01:41:16 +0000

Honeslty, does anyone on this site (apart from kids who attend decent schools) understand statistics? The only counter arguments consist of silly, anecdotal non sense that has no place in this discussion.

Read Fooled by Randomness. Basically, the outcome of our lives follows a stochastic sample path, one path chosen from an infinite number. A degree of randomness is involved, but certain variables skew where the majority of sample paths lead. Thus, in attending an Ivy, you increase the expected value of your life outcome in probabilistic terms.

Also, the whole “I don’t want debt” exposes a common heuritstic bias-hyperbolic discounting. Basically, you are overly discounting future events into your present value equation.