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The high-return activity of raising others' aspirations - Marginal REVOLUTION

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Yesterday I had lunch with a former Ph.D student of mine, who is now highly successful and tenured at a very good school.  I was reminded that, over twenty years ago, I was Graduate Director of Admissions.  One of my favorite strategies was to take strong candidates who applied for Masters and also offer them […]

Yesterday I had lunch with a former Ph.D student of mine, who is now highly successful and tenured at a very good school. I was reminded that, over twenty years ago, I was Graduate Director of Admissions. One of my favorite strategies was to take strong candidates who applied for Masters and also offer them Ph.D admissions, suggesting they might to do the latter. My lunch partner was a beneficiary of this de facto policy. At least two of our very best students went down this route. Ex ante, neither realized that it was common simply to apply straight to a Ph.D program, skipping over the…

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