Zvi comments on High School, Human Capital, Signaling and College Admissions - Less Wrong

12 Post author: JonahSinick 08 September 2013 07:45PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (62)

You are viewing a single comment's thread. Show more comments above.

Comment author: Zvi 09 September 2013 04:59:33PM 1 point [-]

As JonahSinick notes, many high school students and their parents believe this both by stated and revealed preference, and I think they are correct although the magnitude of the effect is hard to pin down. If nothing else, however, if you greatly surpass the academic standards of a college, they will give you merit scholarships in order to get you to pick their college, and the amounts here can be very large especially if the alternative was being forced to borrow money at interest! Thus, signaling is at a minimum a paying job.