This is the first fixed-payout free response prediction market!!
Submit your answers, and I'll pick my favorite one, taking into account analysis in the comments.
🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ31 | |
| 2 | Ṁ31 | |
| 3 | Ṁ8 |
My vote is for 'public school being risk averse'
Competition drives excellence
Public schools are stale due to bureaucratic hurdles
Schools are held more accountable in a free-market education system.
Free-market education attracts entrepreneur talent that brings innovation and transformative advancements that address unique challenges usually faced in Public schools.
Free-market education allows Parents the ability to align with children's individual learning styles, needs and interests.
Free-market education brings more demand with better performance by efficiently planning resource allocation.
Experience: Being a parent of 5 children(2 With Autism). The 2 with Autism go to private schools that the state pays for that we chose. While it is not true 'voucher' system, it was the entry into seeing what it would be like if we had a system available for all 5 children.
My vote definitely goes towards public school being risk averse and having very little incentive to innovate.
Across most forms government action it is much more rewarding for each public servant to make a risk averse decision, than it is to try new things that may help the average tax payer much more than the risk averse decision, but could lead to them causing harm.
To name a few examples, I believe you see this play out with the FDA refusing to allow human challenge trials for the covid vaccine early on, the NRC making nuclear economically infeasible, and schools trending towards highly standardized teaching/testing methods/tools.
