Sunday, May 30, 2021
WWCF: First Contact
Tuesday, May 18, 2021
Failure Due to a Lack of Imagination
Friday, May 14, 2021
Being Nostalgic for the Future
As the philosopher Billy Joel told us, “…Cause the good ole days weren't always good, and tomorrow ain't as bad as it seems…”.
Tuesday, June 23, 2020
The Future of Education Post COVID-19
Tyler Cowen pointed to this “debate”, which I was a bit disappointed in for being too much an untethered discussion. Tyler’s portion I found more meaningful, but still it didn’t do much to advance my thinking.
Since they didn’t really have an objective topic, I guess I shouldn’t be too critical. But I find that a lot of the recent thinking on how things will change in the age of COVID-19 to be like this—not very deep, a combination of wish list and fear. My own view is an attempt at nuance between "most things will change very little" (we will snap back to prior norms) and "this epoch event has accelerated by multiple years that which was already underway" (e.g., teleworking just leapt forward at least 5 years along the prior trendline). To be clear I think holding both views is the best prediction--that is the nuance. Not a lot will change, but that which was already changing has been accelerated.
Here are some of my thoughts regarding changes in education (both what was already happening and how they have accelerated) as well as the obstacles faced (incumbents and traditionalists don’t go down without a fight).
Elementary and High School
- The major role of babysitting that school plays for many families has been shown to be replaceable. Schools aren’t as essential as previously imagined.
- While the pandemic-induced schooling-from-home experience was miserable for most of us forced into it, schooling from home was already widely assumed to be awful. Now many are probably seeing arrangements other than traditional school as decent substitutes.
- Much of what kids do in elementary school has little to no benefit for them. This is likely much more widely realized or at least considered as parents got a more up-close look at their kids “learning”.
- For the kids trapped in poor schools, online and other arrangements now look like realistic improvements.
- Teachers and schools that cannot provide good online options and flexibility have been considerably exposed.
- For students old enough to not need babysitting and for those capable of learning outside of the regimented classroom (perhaps a large majority of students are in this latter category), questioning the necessity of a 7 to 8-hour daily routine is rising.
- Unions and bureaucracies will be as formidable obstacles to change. However, they have a conundrum: teachers, administrators, and parents are afraid of the risk of infection. All of this pushes for alternative options to be explored, which drive experimentation toward alternatives that threaten the existing power structure.
- Status quo bias/inertia are also obstacles. People tend to be very traditional when it comes to choices for their children. It is hard for them to wrap their heads around questioning the conventional wisdom narrative of school as we know it--especially government school.
For higher education I think we should solve for the equilibrium and use a typical university, the University of Oklahoma, as an example.
- Although non-profits are insulated from market forces, they are still subject to the strength of the underlying economy on which they draw resources as well as the philosophical support of those in power. For universities those in power includes donors, alumni, legislators, employers of graduates, purchasers of research, and the public zeitgeist. So where are these headed? Saying that expectations will be to do more with less is a considerable understatement. Donor money and state funding will be much lower for a long time. However, desires/demands of universities will continue with smaller changes in overall goals. We will continue to virtue-signal about college-education being great hope for the future. So….
- How does OU do more with less? By outsourcing what is not in their core competency. Why would we have students show up in a gigantic auditorium to watch a professor repeat a lecture he has given every semester for a decade plus? What is the value in having everyone in that room squinting at the board from the back rows and trying to avoid the inherent, multiple distractions? Can’t that be done online without the risk of infection? And once you realize that it can, it is just one more step to realize not each and every university need duplicate the tasks. Rather have grad students available to perform office hours and optional workshops. What is the point in offering the ~100th best programs in this, that, and the other? Partner with other universities for those services especially the undergrad basics. Specialize in only that where there is comparative advantage. For OU that might be areas like petroleum engineering, social networking, and football.
- Social networking? Yes, with one of the biggest/best Greek life systems in all of higher ed, OU is among those that offer this feature. Even if the benefit is only perceived rather than real, perception matters to consumers. Drinking Gatorade doesn’t make you a better athlete.
- And football? Yes, the football team is a source of revenue and marketing for the university. OU is great at it. And OU is in a much better position than most now that paying football players for their value contribution is rightfully (finally) trending to be the reality.
- Thinking more of the general case, these trends lead to barbell effects: niche schools (elite quality where average is very much over) and enormous diploma-producing machines (economies of scale). While this is probably a trend within the realms of both undergraduate and advanced degree programs, it is more so a trend between these levels because . . .
- The line between high school and undergraduate college will blur greatly while the line between undergraduate and graduate work will likely sharpen. This latter division will resemble the distinction that once existed between high school and major university such that grad school becomes the new, true higher education.
- Universities need to maintain their status (true in either the human capital model or the signaling model). To do so will require some exclusivity, which I think comes mostly at the entrance process to grad school--getting accepted to graduate programs becomes much more difficult.
- What happens to research? More rent-a-lab, rent-a-brain with corporate interests outsourcing to universities more than ever and universities renting away these resources.
- Obstacles? The same forces as above are at work against change here, and they are probably more powerful. But the stakes are higher and the willingness to experiment is probably higher too.
- The major universities aren't going away, but they may be transforming so much that what emerges over the next ten years is vastly different from what we've known for so long. Imagine "going to" a major university, but not directly taking but a few classes there until upper-division-level work.
Sunday, March 16, 2014
WWCF: Robot Surgeons or Robot Firefighters?
Tuesday, December 3, 2013
I, for one, welcome our new robot overlords
What if we put sufficient distance between us and the new life form and shrouded its creation in enough mystery that they wouldn't come looking for us? And what if we still had some method of observing them unbeknownst to them and perhaps an ability to interact in their world--affect change here and there? Not a lot, just when they needed a miracle or a little sign they weren't alone.
Yes, this isn't exactly what the singularity is all about, but I'm just spitballing here.
Sunday, September 8, 2013
WWCF: Solar power or passive heating and cooling systems?
Thursday, September 5, 2013
The value of authenticity
First and foremost, the ability to more easily satisfy demand for fine art including "priceless" masterpieces is a feature not a bug. Certainly those who have invested in art will be worse off in direct proportion to the magnitude that this new technology offers a good substitute. But that is simply a transfer from those who own the art to those who would like to own the art. We would have that same effect if we simply took the art from the current owner and gave it to someone who wanted it. But where that property-rights violating transfer probably is utility reducing since the one who loses the art probably valued it more than the one who received the art, this technology is utility enhancing since it creates value on net. The owner still has the art. Someone who values it for less than the current owner wished to relinquish it prior to the technology's advent now has greater access to it--the price of purchasing the art is lower and hence may now be in reach. And others can enjoy the art by replication in a way not previously possible.
We would see the same effect if we stumbled upon a second Mona Lisa truly painted by Leonardo da Vinci. The Louvre might be upset, but the world would gain a second painting of artistic value. The loss in value to the first would be more than displaced by the gain of now having a second.
Second, the value of art is inherently the value of the creation, not simply the monetized utility of those who yield satisfaction from owning, viewing, possessing, etc. the art. Great art has value even if no one is around to appreciate it. The most popular band is not necessarily the band with the best musical artistry. The best food is not made and could not be made for mass consumption. There really is something to expert opinion on matters artistic rather than appeal to popularity--the so called ad populum fallacy. Unfortunately for those in the business of art and art investment, this technology serves to decouple somewhat the artistic appreciation from the financial appreciation.
Third, having more art more widespread enhances us culturally. The promise of this technology advances the football considerably. Greater availability and exposure means more minds can appreciate, admire, and aspire. The economies of scale are the initial effect. The substantial secondary effect is to deepen the market for art. Music is more widespread today than ever by orders of magnitude. At the same time music appreciation, depth, quality, and variety are greater than ever and growing at a compounding rate.
The lesson here is that sharing and duplication continues to be the future. Only the selfish suffer.
It is also interesting how this technology will serve to clarify the value of authenticity. We will now be better able to see how much the average patron really likes a particular painting versus how much the average patron really likes authenticity. We might also learn a lot about how popular certain artists and works are removed from the rarity via authenticity of the work itself--for example, how many people will be hanging Picassos in the living room? And if no one really likes to look at a particular work, does that imply a change in value? I've thought for some time that a future with machines building mastercrafted furniture, art, clothing, etc. will create a world where the truly old and authentic takes on heightened meaning. But a counter force to this is not just how much easier and cheaper it is to preserve antiques (both yesterday's and tomorrow's). It is more strongly how uninteresting authentic may become when everything old is new again.