Too often we're preparing kids to pass a test rather than how to interpret information. The incentives at the secondary level are about a metric and employment. Hit a certain percentage and you find your contract renewed for the next year.
It's a perverse incentive based system.
Decode Econ's latest podcast had a great example. Beth Munnich plainly stating that tenure gave her the ability to direct her own research. It removed the incentive to chase an artificial deadline and promoted deeper exploration (years in her case rather than a semester's timeframe).
Education has become a Choice Overload bias where students/faculty become overloaded with options and the resulting regret theory of "What did I miss?" factors highly in the satisfaction of the end point.
*My wife hasn't taken an Economics class aside from auditing one I taught. Trade Dynamics shouldn't be your 1st exposure. My HS required it, hers didn't... we've been on this path for decades.
The regret theory of "what did I miss?" is something I struggled with for most of my educational journey. Only recently has this feeling began to fade. Love this insight
Your journey never ends, just the structured portion of it. Knowledge always expands and amusingly your acceptance of the limits to regret alongside it.
Very thought provoking - I'm thinking about differences at the high school and college level. A lot of high schoolers will never take economics even when it's offered. Is there some "happy medium" to embed basic economics into a personal finance class? Watered down, I realize, but a base on which to expand their knowledge.
Hear, hear!
Too often we're preparing kids to pass a test rather than how to interpret information. The incentives at the secondary level are about a metric and employment. Hit a certain percentage and you find your contract renewed for the next year.
It's a perverse incentive based system.
Decode Econ's latest podcast had a great example. Beth Munnich plainly stating that tenure gave her the ability to direct her own research. It removed the incentive to chase an artificial deadline and promoted deeper exploration (years in her case rather than a semester's timeframe).
Education has become a Choice Overload bias where students/faculty become overloaded with options and the resulting regret theory of "What did I miss?" factors highly in the satisfaction of the end point.
*My wife hasn't taken an Economics class aside from auditing one I taught. Trade Dynamics shouldn't be your 1st exposure. My HS required it, hers didn't... we've been on this path for decades.
The regret theory of "what did I miss?" is something I struggled with for most of my educational journey. Only recently has this feeling began to fade. Love this insight
Your journey never ends, just the structured portion of it. Knowledge always expands and amusingly your acceptance of the limits to regret alongside it.
Very thought provoking - I'm thinking about differences at the high school and college level. A lot of high schoolers will never take economics even when it's offered. Is there some "happy medium" to embed basic economics into a personal finance class? Watered down, I realize, but a base on which to expand their knowledge.