How could it possibly be the rational choice if the ev doing so is so ridiculously negative?

Having student debt doesn't justify throwing away the rest of your residual income

What's the ev for going to college once you factor in graduation rates?

People that get two or three years of college debt and no diploma have a big hole to fill and a small shovel.

Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear. It's more about a small spending for a large potential. But then you get into repeated small wagers and such.

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Aunche 6 hours ago | parent | next [-]

College graduates make over $1 million in their lifetime compared to high school graduates.

> Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear.

You're right. The more money you have, the less utility it gives you, which makes gambling for a windfall an even worse decision. Worse still if you include taxes.

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verteu 5 hours ago | parent | prev | next [-]

> What's the ev for going to college once you factor in graduation rates?

Very positive (IRR ~9%). It's been studied extensively: https://openknowledge.worldbank.org/server/api/core/bitstrea...

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jeffbee 8 hours ago | parent | prev | next [-]

If I borrow a lot of money to start a business and then don't start the business I would also be in the hole. So, don't do that?

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Acrobatic_Road 9 hours ago | parent | prev [-]

you can always go back and finish later...that's what I'm doing.

	▲	toast0 8 hours ago \| parent [-]
		My school expires credits after 7 years.