6 ms·

How could it possibly be the rational choice if the ev doing so is so ridiculously negative? Having student debt doesn't justify throwing away the rest of your

by revlsas 6mo ago

How could it possibly be the rational choice if the ev doing so is so ridiculously negative? Having student debt doesn't justify throwing away the rest of your residual income

toast0 6mo 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.
- Acrobatic_Road 6mo ago
  you can always go back and finish later...that's what I'm doing.
  - toast0 6mo ago
    My school expires credits after 7 years.
- jeffbee 6mo ago
  If 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?
- Aunche 6mo ago
  College 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 6mo ago
    I 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 6mo ago
    What about college dropouts?
- verteu 6mo 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...
nikanj 6mo ago
-If I don’t gamble, I’ll live my whole life as a poor serf -If I gamble and lose, the same wage cuck life awaits me -If I gamble and win, I may actually ascend and have the kind of life I aspire to

by revlsas 6mo ago

How could it possibly be the rational choice if the ev doing so is so ridiculously negative? Having student debt doesn't justify throwing away the rest of your residual income

toast0 6mo 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.

Acrobatic_Road 6mo ago
you can always go back and finish later...that's what I'm doing.
- toast0 6mo ago
  My school expires credits after 7 years.
jeffbee 6mo ago
If 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?
Aunche 6mo ago
College 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 6mo ago
  I 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 6mo ago
  What about college dropouts?
verteu 6mo 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...

nikanj 6mo ago

-If I don’t gamble, I’ll live my whole life as a poor serf -If I gamble and lose, the same wage cuck life awaits me -If I gamble and win, I may actually ascend and have the kind of life I aspire to