Evidence receipt / belief
Published · transcript-backedBryan Caplan: belief
9 May 2018 Conversations with Tyler Bryan Caplan on Learning across Disciplines (Live at Mason Econ)
“For high school, then, it’s modest, so maybe reducing it by something like 30 percent. But on the other hand, for college, where the completion probability is a lot lower than it is for high school, then I think reducing it by 40, maybe even 50 percent.”
Source trail
Everything needed to verify it.
- Speaker
- Bryan Caplan
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 9 May 2018
- Publisher
- Conversations with Tyler
Transcript context
…How much does noncompletion risk lower the return to education? How much does this bias matter? Wow, so, let’s see. Of course, it varies a lot by the level. For high school, then, it’s modest, so maybe reducing it by something like 30 percent. But on the other hand, for college, where the completion probability is a lot lower than it is for high school, then I think reducing it by 40, maybe even 50 percent. Again, it’s one where there’s nonlinearity, and so it’s hard just to do the simple back of the envelope. But the thing to remember is not only — the on-time completion rate for full-time students doing four-year degrees, something like 40 percent. And overall . . .…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.