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Douglas_Knight comments on Why are Harvard's alumni so wealthy? - Less Wrong Discussion

11 Post author: JonahSinick 15 March 2014 06:47PM

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Comment author: Douglas_Knight 16 March 2014 11:45:31PM 1 point [-]

The original source says that the Harvard rich are 74% self-made, 14% inherited, and 12% some mixture.

Comment author: Lumifer 16 March 2014 11:50:28PM 1 point [-]

I would like to see how they define their labels and how do they arrive at their numbers before I would be willing to believe them.

Comment author: ESRogs 17 March 2014 07:13:03AM 0 points [-]

Why so skeptical?

Comment author: Lumifer 17 March 2014 03:43:47PM 1 point [-]

There are strong methodological problems with making such estimates. The easiest way to go about it -- send out questionnaires and tally up those returned -- does not produce good numbers. Besides, wealthx is a business. I am not sure what their incentives are but I am sure they have some.

Comment author: ESRogs 17 March 2014 06:20:23PM 0 points [-]

Ah, gotcha, thanks!

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