05-07-2020, 12:03 PM
(05-07-2020, 10:50 AM)bluebooger Wrote: > Yes, find me 5 successful politicians who got their bachelors online though?
I can do better than that
I can show you 5 students who dropped out of in-person classes at Harvard University, University of Chicago, University of Texas, Reed College and yet became billionaires
Mark Zuckerberg
Bill Gates
Lawrence Ellison
Michael Dell
Steve Jobs
see ? in-person classes and connections and the ability to exchange ideas with professors and other students in person is highly overrated
moral of story: if our goal is to get rich and be successful we should all drop out
During WWII many allied planes were shot down. Would additional armor help? If so, where do you put it? Data was gathered on returning B-29 bombers about where the bullet holes were. Lots more bullets were going into the fuselage than the engine platforms. Wings? Fuel systems? They all got more bullet holes than the engine platform, so we don't need to armor the platform. (That was the position of the Defense Department.)
Or do we? Abraham Wald made the point that these were the planes that SURVIVED (survivorship bias). They made it home. They followed Dr. Wald's advice to put more armor on the engine platforms. Many pilots owe their lives to Dr. Wald.
So a few folks dropped out of college and did well. Success bias? I suspect lots more people would be less successful without traditional colleges.