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dspeyer comments on What Is Signaling, Really? - Less Wrong
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Except in real life, the #1 signaling college has a graduation rate of 98% and an average Grade Point Average of A-.
As the saying goes, the "only way to flunk out of Harvard is to die of a heroin overdose."
A high graduation rate doesn't necessarily mean there's no bar. It may mean that the admissions system actually does its job or that people who can't meet the bar self-select away when they see the price tag.