Scott Alexander explores various explanations for why top students attend the best colleges, including optimistic views about maximizing potential and cynical views about signaling and 'privilege laundering'.
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Scott Alexander explores the question of why top students are sent to the best colleges, presenting both optimistic and cynical explanations. He discusses the potential benefits of matching high-performing students with expert teachers, but also considers the signaling theory of education. The post delves into a fascinating hypothesis about elite colleges functioning as 'privilege laundering' machines, mixing meritocratic and privileged students to create a universally recognized signal of merit. Scott examines the potential advantages and drawbacks of this system, concluding that while imperfect, it may be preferable to alternatives that completely disregard merit.
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