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Just listened to a great Revisionist History episode that floats the idea of a college admissions lottery: http://revisionisthistory.com/episodes/44-the-powerball-revo...

There seems to be some emerging evidence that election processes, even those which supposedly require significant expertise (e.g. selecting NIH grant recipients), don't perform meaningfully better than random selection. Which, to be honest, shouldn't come as much of a surprise to anyone steeped in Kahneman and Tversky's behavioral psychology.

This isn't a new idea of course; after the admissions bribery scandal last year Barry Schwartz revisited the idea which he had originally proposed fifteen years prior: https://behavioralscientist.org/do-college-admissions-by-lot...



I agree but, the rich don't like lotteries. Lotteries are for the lower classes (in reference to them)




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