"By not adjusting their grading policies, STEM programs ultimately hurt..the economy"

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Of course I’m not saying that students should be expected to have perfect information when making decisions. Perfect information usually has a finite value, and spending more than that value to get it generally doesn’t make sense. However, that doesn’t mean that we shouldn’t call a mistake a mistake. Deciding to stick it out in class the student fails in is a mistake. People make mistakes. If you take risks, you run the risk of having one backfire. That’s the nature of risk. </p>

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To be clear, I’ve only been arguing that industry might be using academic credentials in a utility-diminishing way. Do engineering programs reject applicants who have demonstrated poor performance on the job, if they have a strong academic record?</p>

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Your solution makes risk-taking impossible. There’s no risk where there are no negative consequences. </p>

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Of course that doesn’t make it right, and it doesn’t mean that we should hope other schools follow suit, much less argue that they should.</p>