[tips] Determining major and minor

2009-08-30 Thread Allen Esterson

How do we determine major and minor psychological theories?
I have noted a tendency to allocate major status to theories
emanating in Europe most of them Jewish and minor to those
emanating outside of Europe.


Michael, supposing what you have noted is in fact the case, please 
tell us who is doing the allocating.


Allen Esterson
Former lecturer, Science Department
Southwark College, London
http://www.esterson.org


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[tips] Re: [tips] Op-Ed Contributor - No ‘Hero’s Welcome’ in Libya - NYTimes.com

2009-08-30 Thread Allen Esterson

Chris Green writes:

It is always interesting to hear the other side of stories like the
one that pervaded the Western media a couple of weeks ago
that the man convicted of the Lockerbie bombing received a
hero's welcome in Libya. As it turns out, there may not have
been any such thing.
http://www.nytimes.com/2009/08/30/opinion/30qaddafi.html


No doubt the reception was exaggerated in the US and UK media, but 
there's something close to a straw man argument in Saif El-Gaddafi's 
article. He writes There was not in fact any official reception for 
the return of Mr. Megrahi, who had been convicted and imprisoned in 
Scotland for the 1988 Lockerbie bombing.


My impression, including from Googling, is that the media did not say 
there was an official reception, but that Megrahi was given a hero's 
welcome. It certainly wasn't large, and not remotely comparable to one 
that would have been organised by the Libyan regime had they wanted to, 
but viewers can be forgiven for gaining the impression of a hero's 
welcome, as can be seen here:


http://news.bbc.co.uk/1/hi/world/africa/8213352.stm

Allen Esterson
Former lecturer, Science Department
Southwark College, London
http://www.esterson.org


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[tips] Re: [tips] Op-Ed Contributor - No ‘Hero’s Welcome’ in Libya - NYTimes.com

2009-08-30 Thread Allen Esterson
���I have no idea how accurate this is, but here is a report in The 
Guardian, 21 August 2009:

The spectacle of Abdelbaset al-Megrahi, the man convicted of the 
Lockerbie bombing, being greeted by crowds holding Scottish saltires at 
Tripoli airport triggered diplomatic aftershocks in three continents …

Choreographed celebrations on the tarmac at Tripoli International 
airport to mark the return of the terminally ill Megrahi after eight 
years in a Scottish jail saw the blue and white of the Scottish 
national flag flown by members of the Libyan Youth Association. Kitted 
out in white T-shirts and caps, they were bussed in to welcome Megrahi, 
who stood at the top of the aircraft steps a
 nd raised a clenched fist 
in a victory salute for the TV cameras…

Megrahi stepped on to Libyan soil alongside Saif al-Islam Gaddafi, the 
leader's son. Some supporters threw flower petals as he stepped from 
the plane, and he was driven away in a convoy of white SUVs, horns 
honking.

Within minutes of Megrahi's plane landing, Libyan authorities rushed 
much of the welcoming party away and pared the crowd down to around 
300. The nationalist songs being played were halted and international 
media who had been brought to the airport were taken away. A Libyan TV 
channel connected to Saif al-Islam Gaddafi had been granted exclusive 
rights to broadcast Megrahi's arrival live. But it 
 did not do so.

http://www.guardian.co.uk/world/2009/aug/21/lockerbie-bomber-celebrations-libya

Allen Esterson
Former lecturer, Science Department
Southwark College, London
http://www.esterson.org


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[tips] How Does Your Town Smell?

2009-08-30 Thread Mike Palij
The question in the subject line reminds of the Monty Python
sketch about World War II research on the funniest joke in the 
world' which had a scene from Leni Riefenstah's film Triumph
of the Will with the following made-up exchange:

Hitler:  My dog has no nose!

Soldier:  How does he smell?

Hitler:  Terrible!
http://en.wikipedia.org/wiki/The_Funniest_Joke_in_the_World

But I digress.  I really want to point out an opinion piece in the
NY Times that is titled Scents and the City which takes
Manhattan island, divides it into neighborhoods and describes
the smell experienced in them (an exercise that is particularly
good to do during the hottest part of summer when NYC has
much in common with overripe cheese).  There is a map and
neighborhood descriptions, starting at the top of the island,
Fort George  the Cloisters (which actually isn't the northernmost 
part of Manhattan, in fact, the northernmost part of 
Manhattan is probably in the Bronx ;-) down to Wall St
and points in-between. See:
http://www.nytimes.com/interactive/2009/08/29/opinion/20090829-smell-map-feature.html

Sorry, the Times website does not support a scratch n' sniff feature.

For those of you planning on teaching sensation  perception this
school year, perhaps one project would be to have blindfolded
students recognize a location just on the basis of its scent.  Can
they do so beyond chance?  If so, given that most people don't
seem to be aware of the scent of a place, how might this affect
their perception and reaction to physical location.  Do males
and females perform differently?

-Mike Palij
New York University
m...@nyu.edu





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Re:[tips] How Many Billionaires Did Your College/University Produce?

2009-08-30 Thread Jim Clark
Hi

The relationship is markedly nonlinear.  Including a nonlinear component (b^2) 
in multiple regression produces a multiple R of .702.  Hence number of 
Billionaires predicts half of variability in rankings.  Or using log(bs) alone 
produces r = -.66.

However, there is a MAJOR problem with the dataset.  Only the top #bs 
institutions are used, and many institutions with higher rankings are ignored 
(e.g., usnr for UT Austin is 47).  Correct analysis would include Bs and USNR 
for all the missing institutions.  For many of these institutions, Bs would be 
lower and USNR lower than institutions in dataset, presumably diminishing 
negative r to a great extent.

Take care
Jim
 

James M. Clark
Professor of Psychology
204-786-9757
204-774-4134 Fax
j.cl...@uwinnipeg.ca

 Mike Palij m...@nyu.edu 29-Aug-09 8:54:13 AM 
On Fri, 28 Aug 2009 20:55:59 -0600, Michael Smith wrote:
 I hope they are not implying it is an index of how good the school is.

Perish the THOUGHT!  I am sure that all RIGHT THINKING people
would never assess the value of the education that they received simply
on the basis of the amount of money such an educational opportunity
allowed them to steal, er, to earn.  However, since you've raised the
issue of what is the relationship between school quality and the amount
of money the filthiest rich issue of such accumulate, let's try to get you
an answer:  Below is the list of schools I provided previously, rank ordered
on the basis of number of billionaires (B's) they produced and the the
U.S. New  World Reports Rank (USNR) reported for 2010; see:
http://colleges.usnews.rankingsandreviews.com/best-colleges/national-universities-rankings
 

(1)  Harvard (54 B's} (USNR=1.00)
(2)  Stanford (25 B's)  (USNR=4.00)
(3)  U Penn (18 B's)  (USNR=4.00)
(4.5)  Columbia (16 B's) (USNR=8)
(4.5)  Yale (16 B's) (USNR=3)
(6) MIT (11 B's) (USNR=4)
(7.5) Northwestern (10 B's) (USNR=12)
(7.5) U Chicago (10 B's) (USNR=8)
(10.25) Cornell (9 B's) (USNR=15)
(10.25) UC Berkeley (9 B's) (USNR=21)
(10.25) U of Southern Cal (9 B's) (USNR=26)
(10.25) UT, Austin (9 B's)(USNR=47)
and
NYU (5 B's) (USNR=32)

Entering this data into SPSS, a Pearson r(N=13)= -0.458, p.06
under the directional hypothesis that there should be a negative
correlation between the number of B's produced by an institution
and the US News  World Report ranking of the institution.
Note:  because of the small sample size and restriction of range
(e.g., not all institutions that produced B's are used), the obtained
Perason r is likely to be an underestimate of the true population
rho. (I've tried to attach the SPSS dataset to this post but I
don't know if it will go through)

So, knowing how many B's an institution produced can be used
to predict the U.S. New  World Report ranking given to it
which one can interpret as a measure of the quality of the institution
(people who disagree with USN's numbers are encouraged to
discuss it with them as well as the administrators at your own
institution who might use these numbers for recruiting purposes).
So, don't be surprised if you hear No B's? No Mas!
(see the following for one interpretation of No Mas:
http://en.wikipedia.org/wiki/Leonard-Duran_II )

 Wouldn't it be awful to equate money with the quality of the 
 school (or lack thereof for the B's that dropped out)? 

Indeed, it would be awful to equate the quality of a school or
even the value of human life in terms of filthy lucre nonetheless
is it done all of the time.  This was most strikingly brought home
in the aftermath of the September 11, 2001 terrorists attacks
when the U.S. government tried to figure out how to compensate
families who lost family members in the attacks.  A simple-minded
notion would be to given each family a fixed amount for each
family member lost, thus valuing eack life equally.  But it occurred
to a number of people that such a scheme failed to recognized that
we are not all equal, that the janitor who was killed would have
earned less in his lifetime than a stock trader in the firm of
Cantor Fitzgerald.  The unrealized potential expressed in terms
of the amount of money a person could earn then became the 
measure of the value of human life.  I'll leave to the true Christians
and the pragmatic capitalists to argue whether this is a reasonable
way to guage the value of a human life.

 One might be tempted to think that the bottom line in education 
 is the business/money aspect of education and all that happens is 
 job training!

You must be new to this whole academic teaching thing, right?
Consider the following blog entry, grasshopper:
http://www.insidehighered.com/blogs/confessions_of_a_community_college_dean/college_prep
 

As for NYU's peculiar status as producing dropouts that go on to
become billionaires (NYU as a knack for doing this in various areas;
Woody Allen dropped out of NYU), rumor has it that NYU will
take these lemons and make them into lemonade with a new
advertising campaign:

NYU!  You education will be SO 

[tips] RE: [tips] Re: [tips] Op-Ed Contributor - No ‘Hero’s Welcome’ in Libya - NYTimes.com

2009-08-30 Thread Stuart McKelvie
Dear Tipsters,

And we also have this:

http://news.bbc.co.uk/2/hi/middle_east/8215554.stm

Sincerely,

Stuart



_
 Sent via Web Access

   Floreat Labore

  Recti cultus pectora roborant

Stuart J. McKelvie, Ph.D., Phone: 819 822 9600 x 2402
Department of Psychology, Fax: 819 822 9661
Bishop's University,
2600 rue College,
Sherbrooke,
Québec J1M 1Z7,
Canada.

E-mail: stuart.mckel...@ubishops.ca (or smcke...@ubishops.ca)

Bishop's University Psychology Department Web Page:
http://www.ubishops.ca/ccc/div/soc/psy

   Floreat Labore
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Re: [tips] Determining major and minor

2009-08-30 Thread michael sylvester




Michael, supposing what you have noted is in fact the case, please 
tell us who is doing the allocating.


Allen Esterson


Allen: One does need a weatherman to note which way the wind is blowing.

Michael Sylvester,PhD
Daytona Beach,Florida


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[tips] Sham operations as placebos

2009-08-30 Thread michael sylvester
Whatever happen to the use of the faked surgical procedures that was once 
called sham operations? Does the new Obama health care plan allocates funds for 
this placebo driven medical diagnosis?

Michael Sylvester,PhD
Daytona Beach,Florida
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Re: [tips] Placebos getting stronger?

2009-08-30 Thread michael sylvester
Christopher DI could hardly differentiate between a glass of cream soda and one 
that supposedly contained Canadian whiskey.

Michael


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Re: [tips] Placebos getting stronger?

2009-08-30 Thread Paul Brandon
Sounds like you've been drinking too much -- habituated to ethanol.

On Aug 30, 2009, at 11:19 AM, michael sylvester wrote:


 I could hardly differentiate between a glass of cream soda and one  
 that supposedly contained Canadian whiskey.

Paul Brandon
Emeritus Professor of Psychology
Minnesota State University, Mankato
paul.bran...@mnsu.edu


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RE: [tips] Determining major and minor

2009-08-30 Thread Stuart McKelvie
Dear Tipsters,

While I heartily approve of MS quoting a Dylan line (You don't need a weather 
man to know which way the wind blows), it is disheartening to see that his 
pithy comment undercuts our academic debate.

All AE did was to make a reasonable request for a citation for MS's claim, for 
how can we debate a claim unless we know that it has been made?

So I politely repeat Alan's request:

Michael: Who has made the claim about major and minor theories and approaches 
(besides yourself in the posting)?

Sincerely,

Stuart
_
 Sent via Web Access

   Floreat Labore

  Recti cultus pectora roborant

Stuart J. McKelvie, Ph.D., Phone: 819 822 9600 x 2402
Department of Psychology, Fax: 819 822 9661
Bishop's University,
2600 rue College,
Sherbrooke,
Québec J1M 1Z7,
Canada.

E-mail: stuart.mckel...@ubishops.ca (or smcke...@ubishops.ca)

Bishop's University Psychology Department Web Page:
http://www.ubishops.ca/ccc/div/soc/psy

   Floreat Labore
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[tips] Problem-Based Learning Has Been Around For Centuries (was PER and Medical Education)

2009-08-30 Thread Richard Hake
If you reply to this long (9 kB) post please don't hit the reply 
button unless you prune the copy of this post that may appear in your 
reply down to a few relevant lines, otherwise the entire already 
archived post may be needlessly resent to subscribers.


*
ABSTRACT: Nathaniel Lasry (2009) wrote: MedEd has been onto 
student-centered approaches for quite a while.  McMaster's medical 
school developed problem based learning (PBL) in the late 60s. But 
Don Woods of the McMaster University Chemical Engineering Department, 
has pointed out that PBL HAS BEEN AROUND FOR CENTURIES and that all 
research is PBL.  This and a wealth of other information on PBL is 
hidden in the PhysLrnR archives 
http://listserv.boisestate.edu/archives/physlrnr.html, as revealed 
by the approximately 60 hits obtained by typing PBL (without the 
quotes) into the powerful but seldom used PhysLrnR search engine at

http://listserv.boisestate.edu/cgi-bin/wa?S1=physlrnrX=-.
*

Nathaniel Lasry (2009) in his PhysLrnR post PER and Medical Education, wrote:

 . . . . . My main point is that MedEd has been onto 
student-centered approaches for quite a while.  McMaster's medical 
school developed problem based learning (PBL) in the late 60s.


But, as indicated in Problem-based learning (LONG!) [Hake (2000d)] 
and again in Problem Based Learning [Hake (2005)], Don Woods 
http://www.chemeng.mcmaster.ca/woods.html of the McMaster 
University Chemical Engineering Department, has pointed out that PBL 
HAS BEEN AROUND FOR CENTURIES and that all research is PBL. Woods 
(2005) wrote [bracketed by lines . . . ; my CAPS]:



Why does there seem to be so much confusion about what is and what is 
not PBL? Problem-Based Learning, learning because you need to solve a 
problem, HAS BEEN AROUND FOR CENTURIES.  Indeed, in the stone age, 
people learned skills and approaches to solve problems to survive. 
They just didn't say to each other Hey, you are using PBL.


Similarly, I SUGGEST THAT ALL RESEARCH IS PBL, although we don't call 
it that, we call it research.  In the 1960's McMaster Medical School 
introduced a learning environment that was a combination of small 
group, cooperative, self-directed, interdependent, self-assessed PBL. 
Since then this approach has been called PBL'. But PBL, as I 
suggested previously, can be in any form where a problem is posed to 
drive the learning.  To overcome the confusion, I suggest we use the 
awkward terminology of small group, self-directed, self-assessed PBL 
when referring to learning environments similar to the McMaster 
Medical school approach.



For yet more on PBL type PBL into the Search for slot of the 
powerful but seldom used PhysLrnR search engine at 
http://listserv.boisestate.edu/cgi-bin/wa?S1=physlrnrX=- to obtain 
59 hits on 30 August 2009 09:15:00-0700, among them Hake 
(2000a,b,c,d; 2004a,b; 2005; 2009).


To access the archives  and search engine of PhysLnR one needs to 
subscribe, but that takes only a few minutes by clicking on 
http://listserv.boisestate.edu/archives/physlrnr.html and then 
clicking on Join or leave the list (or change settings).  If you're 
busy, then subscribe using the NOMAIL option under Miscellaneous. 
Then, as a subscriber, you may access the archives and/or post 
messages at any time, while receiving NO MAIL from the list!


Richard Hake, Emeritus Professor of Physics, Indiana University
24245 Hatteras Street, Woodland Hills, CA 91367
Honorary Member, Curmudgeon Lodge of Deventer, The Netherlands.
rrh...@earthlink.net
http://www.physics.indiana.edu/~hake/
http://www.physics.indiana.edu/~sdi/
http://HakesEdStuff.blogspot.com/

Science should be visualized as progressing from problem to problem 
- to problems of ever increasing depth. Problems crop up especially 
when we are disappointed in our expectations, or when our theories 
involve us in difficulties, in contradictions; and these may arise 
either within a theory, or between two different theories, or as the 
result of a clash between our theories and our observations. Thus 
science starts from problems, and not from observations; though 
observations may give rise to a problem, especially if they are 
unexpected; that is to say, if they clash with our expectations or 
theories.

Karl R. Popper (2002) in Conjectures and Refutations


REFERENCES [TinyURL's courtesy of http://tinyurl.com/create.php]
Hake, R.R. 2000a. Problem-based learning (LONG!),  PhysLrnR post 20 
Feb 2000 15:24:45-0800; online at http://tinyurl.com/nt5bcr.


Hake, R.R. 2000b. History of PBL, PhysLrnR post 21 Feb 2000 
20:23:20-0800; online at http://tinyurl.com/lfpuc4.


Hake, R.R. 2000c. PBL in Engineering Education, PhysLrnR post of 22 
Feb 2000 12:14:29 -0800; online at

http://tinyurl.com/lptsr9.

Hake, R.R. 2000d. Problem-based learning (LONG!),  PhysLrnR post 14 
Mar 2000 11:37:46-0800; online at 

[tips] So You Want To Be A Billionaire?

2009-08-30 Thread Mike Palij
If you do, were are some rules based upon an analysis of the information
about 400 Richest People in the United States for 2009 (actually only data 
from the top 101 richest people was analyzed; even my OCD has it limits):
http://www.forbes.com/lists/2008/54/400list08_The-400-Richest-Americans_Rank.html

(1)  Don't get a Ph.D.

Only 4 people out of 101 have a Ph.D. and they are nowhere near
the richest.  36 out of 101 have a B.A. but 15 only have a High
School diploma (some apparently never attended college, others
are college dropouts; NOTE:  Richard Branson, CEO of Virgin
Whatever, who is British and not included in this data apparently
dropped out of high school).

There are 7 people who have indeterminate levels of education.
In some cases, it is possible that some of these did not have formal
schooling (though they may have had tutoring; they may have
inherited the money).

(2) It doesn't really matter whether you complete you education.

There were 12 people who dropped out of their educational studies
but the mean net worth of these people is about $15 Billion (Bill
Gates, as the richest man in the world, skews things) while the 83
people who did complete their studies had a mean net worth of
$8.61 Billion.

(3) High School graduates are richest people in the U.S. ??

Given that most college dropouts can only claim their high school
diplomas as their highest certified level of educational achievement,
people with only a High School diploma have a mean net worth of
$13.64 Billion.  Of the top 101 richest U.S. people, those with a
Bachelor's degree actually have a lower net worth of $7.83 Billion.
People with a Master's degree (usually an MBA) do somewhat 
better with a net worth of $10.65 Billion. Folks with a JD or an MD
or a Ph.D. only have a net worth of about $6.75 Billion (yes, less
than a person with a B.A.).

This is so depressing that I'm not going to shave for the next few days.

Anyway, I've attached an SPSS system data file (not an Excel file like
I did earlier) of the data I pulled off of the Forbes website.  I didn't
include the U.S. News ranking of colleges because, quite frankly,
it doesn't seem to be relevant (I'll leave it to some other enterprising
soul to do so).

I'm now going to have a beer and wait for the new episode of Mad Men
to air.

-Mike Palij
New York University
m...@nyu.edu



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!0 0 0 0 0 2009-08-30-Forbes Richest-Top N=101-001.sav
Description: Binary data


RE: [tips] Phantosma: And I Can't Get It Out of My Head

2009-08-30 Thread Wuensch, Karl L
Phantosmia and Parosmia are commonly thought to result from viral 
infection, head trauma, surgery, and possibly exposure to certain toxins or use 
of certain drugs. Sometimes the condition is considered psychiatric in origin.  
There is evidence that anosmia, followed by parosmia, may be caused by the 
insertion of zinc salts into the nasal cavity or by a viral infection of the 
olfactory mucosa.  Solutions of such salts can be bought over the counter, as 
they have been marketed as a homeopathic medication.

Leopold is well know -- see 
http://chemse.oxfordjournals.org/cgi/content/full/27/7/611 .  One technique he 
has used is to remove the olfactory mucosa (on one side) -- 
http://archotol.ama-assn.org/cgi/content/short/128/6/642 .  Sometimes it 
regenerates and normal olfaction is restored.  In these cases, it would seem 
that the problem was peripheral rather than central.  Others have used a 
variety of putative treatments based on the notion that the origin of the 
problem is central.

I have corresponded with quite a few persons with phantosmia or 
parosmia.  Some of them would willingly submit to surgery that would render 
them anosmic.  Given that most of the false odors that are reported by these 
people are disgusting (the scents of death, vomit, feces, smoke, chemical 
odors, etc.), that is no surprise.

A support group can be found at 
http://health.groups.yahoo.com/group/parosmia/ .

Cheers,
 
Karl W.

-Original Message-
From: Mike Palij [mailto:m...@nyu.edu] 
Sent: Friday, August 14, 2009 8:56 AM
To: Teaching in the Psychological Sciences (TIPS)
Cc: Mike Palij
Subject: [tips] Phantosma: And I Can't Get It Out of My Head

There is an article in the NY Times this week by a person with
phantosma, a condition in which one has olfactory hallucinations.
In this particular case, a real olfactory experience gives rise to
the persistent re-experience of the odor.  This raises the question
of whether this is actually an olfactory hallucination or an intrusive
memory comparable to the types of memories that people with PTSD
report about their traumatic experience.  The article doesn't make
this connection but it does suggest how certain cognitive techniques
might be useful in dealing with the condition (e.g., focusing attention
on something else instead of the re-experienced odors).  For more,
see:
http://www.nytimes.com/2009/08/11/health/11cases.html?_r=1ref=science

Didn't Proust in his In Search of Lost Time series (NOTE:  the French
title A la Recherche du Temps Perdu was previously translated as
Remembrance of Things Past) give odor memories a particular role
in his narrative?  I have a newly obtained set of Lost Time but have
not had the time to read it yet.  Any Proust scholars out there?  Or
are they all watching Little Miss Sunshine?  ;-)

-Mike Palij
New York University
m...@nyu.edu


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Re: [tips] So You Want To Be A Billionaire?

2009-08-30 Thread Jim Clark
Hi

These lists, especially by themselves, do NOT allow the kinds of inferences 
Mike appears to make.  The list looks at (a) a tiny fraction of the relevant 
population (100 people or even 400) and (b) ONLY those with enough wealth to be 
billionaires.

To illustrate the problem, consider the 4 PhDs on Mike's list (i.e., 4% of 100 
billionaires).  Recent statistics, such as

http://www.census.gov/population/socdemo/education/cps2007/Table1-01.csv 

indicate that just over 1% of the American adult population has a PhD.  And 
presumably this figure would have been even lower in the past.  Hence, PhDs are 
actually over-represented on the list of billionaires relative to their numbers 
in the general population.  One would need similar and more precise figures to 
properly evaluate the role of education.  More precise in the sense of 
adjusting for age because it might be less clear than in the case of PhDs what 
the historical figures would be.

But even crude data show the dangers of making inferences about HS dropouts 
from the 15 on Mike's list of billionaires.  To illustrate, the following table 
(if link works!)

http://factfinder.census.gov/servlet/STTable?_bm=y-geo_id=01000US-qr_name=ACS_2007_3YR_G00_S1501-ds_name=ACS_2007_3YR_G00_-_lang=en-_caller=geoselect-state=st-format=

shows that in 2007 16% of population 25 and older did not complete HS.  But 
this figure increases markedly at highest age levels; a full 27% of those 65 
and older did not graduate from HS.  But on Mike's list, only 16% of 
billionaires 65 and over did not graduate from HS, far below the proportion in 
the general population their age.

Alternatively (unless one is only interested in billionaires rather than more 
realistic earnings), the census provides more relevant data, or any number of 
other databases.  Here are a few links:

http://nces.ed.gov/surveys/international/Intlindicators/index.asp?SectionNumber=5SubSectionNumber=1IndicatorNumber=106

http://en.wikipedia.org/wiki/Household_income_in_the_United_States#Education_and_Gender
 

Clearly earnings increase with education, albeit with a few perturbations 
largely due to professional degrees.

Take care
Jim



James M. Clark
Professor of Psychology
204-786-9757
204-774-4134 Fax
j.cl...@uwinnipeg.ca

 Mike Palij m...@nyu.edu 30-Aug-09 5:20:55 PM 
If you do, were are some rules based upon an analysis of the information
about 400 Richest People in the United States for 2009 (actually only data 
from the top 101 richest people was analyzed; even my OCD has it limits):
http://www.forbes.com/lists/2008/54/400list08_The-400-Richest-Americans_Rank.html
 

(1)  Don't get a Ph.D.

Only 4 people out of 101 have a Ph.D. and they are nowhere near
the richest.  36 out of 101 have a B.A. but 15 only have a High
School diploma (some apparently never attended college, others
are college dropouts; NOTE:  Richard Branson, CEO of Virgin
Whatever, who is British and not included in this data apparently
dropped out of high school).

There are 7 people who have indeterminate levels of education.
In some cases, it is possible that some of these did not have formal
schooling (though they may have had tutoring; they may have
inherited the money).

(2) It doesn't really matter whether you complete you education.

There were 12 people who dropped out of their educational studies
but the mean net worth of these people is about $15 Billion (Bill
Gates, as the richest man in the world, skews things) while the 83
people who did complete their studies had a mean net worth of
$8.61 Billion.

(3) High School graduates are richest people in the U.S. ??

Given that most college dropouts can only claim their high school
diplomas as their highest certified level of educational achievement,
people with only a High School diploma have a mean net worth of
$13.64 Billion.  Of the top 101 richest U.S. people, those with a
Bachelor's degree actually have a lower net worth of $7.83 Billion.
People with a Master's degree (usually an MBA) do somewhat 
better with a net worth of $10.65 Billion. Folks with a JD or an MD
or a Ph.D. only have a net worth of about $6.75 Billion (yes, less
than a person with a B.A.).

This is so depressing that I'm not going to shave for the next few days.

Anyway, I've attached an SPSS system data file (not an Excel file like
I did earlier) of the data I pulled off of the Forbes website.  I didn't
include the U.S. News ranking of colleges because, quite frankly,
it doesn't seem to be relevant (I'll leave it to some other enterprising
soul to do so).

I'm now going to have a beer and wait for the new episode of Mad Men
to air.

-Mike Palij
New York University
m...@nyu.edu 



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