Wednesday, April 27, 2011

Higher education bubble?

Suppose there is a game with a billion participants. Each participant starts with a (fair) coin. Each round, every participant flips his/her coin. If a person flips a heads, they get a dollar. If a person flips tails, they lose everything. After twenty-five rounds, what happens? Someone will try to write a book explaining how to flip heads twenty-five times in a row.

Enter Peter Thiel, venture capital wunderkind. Thiel predicted the dot-com bust, the housing bubble, and now....the higher education bubble.

Is higher education a bubble? Do employers over-value a college education? Is a college education worth the debt?


1 Comments:

At 9:32 PM, Blogger Jesus Henry Christos said...

couldn't agree more or clap slower while reading this article, especially the comment on darwinism. i don't think i learned anything worthwhile in college.

 

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