Tyler Cowen: belief

Transcript context

…Well, I guess more specifically, it seems that Bryan's book relies on the argument that you need a costly signal to show that you have talent, or you have intelligence, conscientiousness, and other traits. But if you can just learn that from a 1500 word essay and a zoom call, then maybe college is not about the signal. In that sense, I'm not sure it's a good critique of Bryan. So for most people in the middle of the distribution, I don't think you can learn what I learned from Top 5 Emergent Ventures winners through an application and a half-hour zoom call. But that said, I think the talent book shows you my old saying: context is that which is scarce. And you're always testing people for their understanding of context. Most people need a fair amount of higher education to acquire that context, even if they don't remember the detailed content of their classes. So I think Bryan overlooks how much people actually learn when they go to school. How would you go about measuring the amount of context of somebody who went to college? Is there something you can point to that says, “Oh, clearly they're getting some context, otherwise, they wouldn’t be able to do this”?…

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