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February 13, 2012
Binyamin Rose: Back to the Bunker: How a life-risking act by a Christian family during the Holocaust saved a family and built a thriving community a world away
Menachem Wecker: Business Schools Teach Real Estate Despite Troubled Housing Market
February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
Hypercompetitive overachievers bet on their own academic success
By
Matt Flegenheimer
http://www.JewishWorldReview.com | (MCT)
He checked like the rest of the overachievers — updating the Web page day after day, scanning his transcript for those dreaded B-pluses tugging his grade-point average in the wrong direction.
By late May, rising University of Pennsylvania junior Nick Migliacci knew for sure: He'd scratched out a 3.2 (out of 4) GPA for the spring semester. So close.
"I mean, I got the grades," Migliacci recalled, sighing, "but lost the bet."
Since last fall, Migliacci has been wagering on his grades through a website called Ultrinsic.com, founded by former Penn student Jeremy Gelbart, 23, and longtime friend Steven Wolf, 27. The site offers two options: "rewards" bets that incentivize classroom success and "grade insurance," allowing students to short-sell their own academic prospects.
To the latter end, as hypercompetitive classmates scoured campus for an academic edge, Migliacci began his semester with a pre-emptive hedge: that he'd finish with a 3.0 GPA or lower.
"I wasn't wagering enough to motivate me not to do well," Migliacci said. "But at least I'd walk away with some money if I didn't."
Soon, thousands of students nationwide will have access to the same choice. After a soft launch at Penn and New York University last year, Ultrinsic is expanding to over 30 schools this fall, including Harvard University, Princeton University, Pennsylvania State University and the University of Southern California.
Now operating from an office in New York, the founders expect enrollment — over 500 through the spring, between Penn and NYU — to jump by about 100 per new school. (The company declined to discuss its financial history or expectations.)
Gelbart, who graduated from New York's Queens College in 2009 after transferring from Penn, and Wolf, also a Queens College alumnus, conceived the idea on a lazy Sunday afternoon at Penn a few years ago. Wolf, visiting for the weekend, offered to pay Gelbart $100 if he aced his exam the next day. Gelbart won the bet.
"Students like learning, but it's work," said Gelbart, president of Ultrinsic. "People want to see an immediate payoff for that hard work."
Most participants opt for success-based bets, Gelbart said, and not the grade insurance. This model of motivation, he said, compels students to assign proper value to long-term academic goals they may neglect — say, learning the material — by distracting them with short-term payoffs.
"The point of the site is to push yourself," he said.
Gelbart and Wolf set odds on a given wager according to an algorithm they've developed over the past two years. Among the factors: the student's academic history (account-holders must turn over a transcript copy when they sign up); the reputation of the course or courses in question; and how much money the student intends to put up — the more someone bets, the founders reason, the more likely he is to do well.
"It doesn't seem that difficult to beat the lines," said Migliacci, who, despite his GPA overstep in the spring, has made about $300 on the site. "I'm guessing they are just making money on people who bet according to which classes they want to do well in, not what the smart economic bet would be."
Indeed, to some experts, Ultrinsic's economics don't compute. How can the site know students better than they know themselves?
Andrew Postlewaite, a Penn game theory professor, says the company faces the classic insurance problem of asymmetric information.
"If people have a better idea whether they'll do well, they can use that to their advantage," he said.
Others in higher education are wary of the site's attitude towards academia.
"This is not what real education is about," said Barmak Nassirian, associate executive director at the American Association of Registrars and Admissions Officers. "They have come up with a shtick."
Dennis DeTurck, dean of the College of Arts and Sciences at Penn, says the venture reminds him of parents slipping young children a few bucks for bringing home an exemplary report card.
"I guess we like to think our students are a little more mature than that," he said.
For many students, having to surrender private academic records is a deal-breaker.
Others worry that the grade insurance option in particular will carry indirect, negative consequences if Ultrinsic spreads to their campuses. "What if a guy on my group project was betting against himself?" asked Caitlin Naylor, a rising senior at St. Joseph's University in Philadelphia.
Whether Ultrinsic constitutes a "betting" site, though, is a matter of debate.
Representatives from state offices in Pennsylvania and New Jersey had never heard of Ultrinsic; its validity, both said, fell outside their jurisdictions. Federal oversight of online gaming — which is technically illegal — remains spotty, though a bill sponsored by Rep. Barney Frank, D-Mass., to allow clearer regulations of Internet gambling was recently approved by the House Financial Services Committee.
Gelbart insists the site is more motivator than moneymaker.
"This is not in the same category (because) it's completely in the student's control," Gelbart said. "There are elements of chance, but if you study harder, you'll do well."
Ultrinsic's philosophy, Gelbart added, "is definitely going to be implemented in the future of education."
Those operating in the present of education remain unconvinced.
"By their logic, you should buy a hit on yourself," Nassirian said. "Would that motivate you to do well?"
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© 2010 The Philadelphia Inquirer.; Distributed by McClatchy-Tribune Information Services.
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