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Lumifer comments on Innovation's low-hanging fruits: on the demand or supply sides? - Less Wrong
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At the low end, yes. At the high end what matters is basically whether it's cool to be smart.
Either way, my point is that it depends on the other kids more than the schools themselves.
It's a feedback loop. The kind of kids you have (from what families they come, with what IQ and what culture) is very much determined by the kind of town this is and that certainly drives the school reputation.