Friday, March 11, 2011

The dark side of for-profit higher education

Felix Salmon on Bridgeport education.

Not good stuff, but shouldn't most of the blame for stupid incentives land on those who design them, rather than those who optimize relative to them?

Put differently, the solution here is not to hope for a world of better people to be achieved by mocking those who misbehave; rather, it is to design a system that minimizes the incentives for regular people to engage in bad behavior.

Hat tip: Oscar Mitnik

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