I recently came across a blog post by Matt Welsh about Making Universities Obselete. It described how Sebastian Thrun’s Udacity is going to change how higher eduction works. His points in the article were that there were three key failures in the current model for higher education: Failure #1: Exclusivity Failure #2: Grades Failure #3:…
Tag archives for incentives
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Incentives can be powerful things especially for the worse. Here’s one professor’s story on why he’s not a professor anymore. A particularly interesting excerpt is on the subject of “scaling” marks: “However there are lots of ways round this little problem. One of them is doctoring the marks. Except its not called ‘doctoring’ its called…
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“Well I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes getting some surprise that pushes my limit a little farther.” Charlie Munger It’s strange how just by reading the news everyday…