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Lumifer comments on The Value of Theoretical Research - Less Wrong Discussion
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I think you're confusing "intelligent, rational people" and "people with a diploma".
I'm not confusing the categories; I'm just holding (from experience) that
P(intelligent, rational | diploma) > P(intelligent, rational | ~diploma).Actually, no, hold on. While I do tend to hold that, I didn't state or use that assumption anywhere in the statement. In fact, even mentioning it reinforces my thesis: fields that genuinely have high demand for workers miraculously (rollseyes) stop caring so much about the paper credentials in favor of real experience and productivity.