Access to more people and best teachers, overcome remote work issues, faster feedback and corrective actions, personalized prerequisites work for students, easier self selection of peers.
15/ @LambdaSchool has managed to crack this problem by innovating on pedagogy identifying an arbitrage opportunity in the labor market.
The latter is important because it allows lambda to do what they do.
Traditional education has no skin in the game and perverse incentives.
16/ From my limited reading, a few reasons why lambda school works so well:
- best teachers
- cooperative learning
- hungry students
- mastery learning
- extensive TA support
These variables have high effect sizes.
Sure there's more under the hood that @AustenAllred knows
17/ Innovation on the pedagogy front is going to be the moat - it is proprietary and scalable across domains.
@AustenAllred has told us that there's more to come from lambda than just cs grads - datasci, even sales.
A short summary of The Meridian of Her Greatness by Lou Keep.
This is about how we can reconcile economic prosperity with increasing discontent, what capitalism really means, why social protections hurt the economy & society and cause bigger problems
Reconciling economic prosperity and discontent is difficult. People point to Trump/Brexit/Occupy as examples of anger. This fails to explain anything.
How do we explain their economic motivations? Is income/wealth inequality really the problem?
Polyani explains how we can reconcile the two using the idea of "economic prejudice". This has two parts.
1 - Wealth got redefined in terms of market value (property, wages) instead of traditional metrics (common land, social ties AND capital). Blurrier forms were excluded.
Never thought my reading on the Himalayas and business will collide but given the recent Everest traffic jam image going viral, I'm going to do a thread explaining the evolution of the market for climbing Everest and some of the unintended consequences (e.g. traffic jams)
The race for climbing Everest coincided with the end of WW1 and the first expedition to recon Everest began in 1921, followed by a first attempt in 1922 and a second attempt in 1924.
The second attempt in 1924 is embedded in Everest folklore because Mallory and Irvine were last seen at the base of the final pyramid near summit and never returned.
Both of them were hailed as national heroes back in Britain.
Mimetic desire (or triangular desire) and influence run the show at elite universities.
An object of desire becomes desirable by virtue of being desired by someone.
Add a pinch of scarcity effect, risk aversion and throw some money - you've got the perfect bait.
Aversion to failure (and more generally risk) is magnified in middle class indian kids because failure is associated with extreme shame.
The result - a risk averse generation that doesn't know what to do and thus follows the herd.
The resume arms race at IITs and IIMs is real. I'd promised myself in freshman year not to fall prey to it but ultimately I succumbed to peer pressure.
It's amazing what risk aversion and zero sum mentality can do to you.