This is how things should be done. Kudos to Chicago!
Chicago PhDs
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am appalled at how tone deaf the chicago faculty continue to be. first, since when are prelim grades more than a mediocre predictor of anything other than previous exposure to the material (looking at you internationally trained master's students). second, i guess it's consistent with their worldview to view outcomes that have some degree of luck as magical status quo measures of merit and institute systems that reinforce inequality. third, i'm guessing john is taking care of the field experiment t-test folks who are disadvantaged by this. fourth, if no one is incentivized by desk location to study for prelims (and i agree they aren't), why do it at all? public shaming only works if people can change behavior and affect outcomes. weird
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am appalled at how tone deaf the chicago faculty continue to be. first, since when are prelim grades more than a mediocre predictor of anything other than previous exposure to the material (looking at you internationally trained master's students). second, i guess it's consistent with their worldview to view outcomes that have some degree of luck as magical status quo measures of merit and institute systems that reinforce inequality. third, i'm guessing john is taking care of the field experiment t-test folks who are disadvantaged by this. fourth, if no one is incentivized by desk location to study for prelims (and i agree they aren't), why do it at all? public shaming only works if people can change behavior and affect outcomes. weird
One: they want academically strong people who know their stuff inside out. This has been the Chicago ethos across disciplines(“where fun goes to die”) since the 60s.
Two: They can afford to ignore the false negatives, yes, because they are not short of talent. Find out how many geniuses top hedge funds or tech firms turn down.
Three: contradicts your pt two, they do seem to have some flexibility
Four: possibly valid
I’ll add one counter: WHY ARE PEOPLE SO INTOLERANT OF ALTERNATE MANAGEMENT STYLES AND PERSONALITIES?
In the industry, there are many high-performing firms in finance, tech etc. which openly advertise their body-shop nature. E.g. Netflix, worldquant, citadel.
Hustlers with a lot of drive and weak resumes go there to take a swing at glory Why do you want to eliminate those places?
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Weird. I had my own office as a TA/RA in a state LRM school. At my current VLRM students get office for 3-4 people and the private offices if they teach on their own.
Isn't it hazing?Real estate is way cheaper at your place, literally and figuratively
Wall Street trading floors have millionaire MD traders sit next to pimply analysts in open floors, rows after rows of desks
Not only because real estate in Times Square is more expensive than in Podunk, it also facilitates rapid transfer of tacit knowledge
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It’s also pretty obvious that those who do best in prelims are masters students who have already manipulated those same equations 3-4 times. Conditional on passing, prelim scores aren’t really a test of anything.
Yes. In my class, I think almost all top prelim performers had completed the full PhD sequence (some at top schools) before entering the PhD program.
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It looks like first years at Chicago are starting to realize the type of cesspool they got themselves into. Just wait until you realize that many of the supposedly brilliant researchers there are in fact not that brilliant.
Good, hope word gets around. Chicago the town and the university was never for wlmps.
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It looks like first years at Chicago are starting to realize the type of cesspool they got themselves into. Just wait until you realize that many of the supposedly brilliant researchers there are in fact not that brilliant.
Good, hope word gets around. Chicago the town and the university was never for wlmps.
— This meme about Chicago’s rigor had been around forever:
http://www.newyorker.com/books/page-turner/chicago-where-fun-comes-to-die
— Surviving the CBOT pit was considered a badge of honor among old school traders. Even today the prop know-it-alls take pride in preying on d/u/m/b money elsewhere.
— Even the bIack musicians consider themselves most authentic owing to true “blue” suffering, look down on lightweights and sellouts elsewhere.
— Even Barry O has some Chicago t/hug in him:
https://www.today.com/news/michael-lewis-obama-has-personality-sniper-flna991806
— Climate
— Mafia. AL Capone. Mamet. Bellow.
#KeepChicagoTox!c
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You’re straight up wrong about one. They pursue an uncorrelated strategy because they know they’re uncompetitive for the true top incoming guys, and figure there’s not much signal there anyway. What people have done before is very noisy. Let Harvard chase the shining pre docs who burn out in their first year.
Two- see one. Finding diamonds in the rough means sifting through a lot of rough.
The third point: if you are likely to succeed on the market due to reasons besides research aptitude they’ll bend over backward to keep you around. It’s not as explicitly anti Chinese as some places, but there’s a bit of it.
4th: who caresam appalled at how tone deaf the chicago faculty continue to be. first, since when are prelim grades more than a mediocre predictor of anything other than previous exposure to the material (looking at you internationally trained master's students). second, i guess it's consistent with their worldview to view outcomes that have some degree of luck as magical status quo measures of merit and institute systems that reinforce inequality. third, i'm guessing john is taking care of the field experiment t-test folks who are disadvantaged by this. fourth, if no one is incentivized by desk location to study for prelims (and i agree they aren't), why do it at all? public shaming only works if people can change behavior and affect outcomes. weird
One: they want academically strong people who know their stuff inside out. This has been the Chicago ethos across disciplines(“where fun goes to die”) since the 60s.
Two: They can afford to ignore the false negatives, yes, because they are not short of talent. Find out how many geniuses top hedge funds or tech firms turn down.
Three: contradicts your pt two, they do seem to have some flexibility
Four: possibly valid
I’ll add one counter: WHY ARE PEOPLE SO INTOLERANT OF ALTERNATE MANAGEMENT STYLES AND PERSONALITIES?
In the industry, there are many high-performing firms in finance, tech etc. which openly advertise their body-shop nature. E.g. Netflix, worldquant, citadel.
Hustlers with a lot of drive and weak resumes go there to take a swing at glory Why do you want to eliminate those places?