The privilege to fail
The effects of income level on risk aversion has been well-studied in behavioral economics and psychology — individuals who earn incomes below the poverty line tend to be significantly more risk averse compared to those who are better off.
.. many low-income or first-gen students have been so focused on education and upward mobility that they have not had a chance to reflect on who they are, what they really want and the path to achieving their ambitions. This sets them apart from peers who have had leisure time and constant encouragement to develop those aspects of themselves. College, in this sense, can be a chance for first-gen students to come into their own.
But as they’re trying to understand their calling and purpose for the first time, as Rodriguez put it, being held up as “model citizens” in their communities back home can be a barrier to breaking out on their own, said Umaña.
.. Black women startup founders receive on average $36,000 in venture funding while white men receive $1.3 million.
.. Anarcho-capitalism, or the complete absence of government, is the ultimate goal of the blockchain technology movement.
.. . Halper thinks his technology can upend polling, burn down political boundaries and create a network of college campuses. Ericsson and Lawrence want to reform the internet because they believe in its potential to erase governments and and redefine the way people share, sell, connect and live