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Interesting. Lots of obvious issues, of course. Leaving those aside, it occurs to me that other proxies would likely become more important, and to wonder what the balance of those would be. Maybe it would increase reliance on portfolios (good), but also on things like race (bad)
Curious whether, on balance across all factors, it would be a net positive. Would you allow things like SAT scores? Past employers? Projects at past employers? All those other things also have strong branding effects.
Oh yeah, all those would be allowed. The idea isn't "ignore all things that have any branding effects" it's "ignore this one thing (college degrees) that is especially costly for people, in both $ and opportunity cost, and has an especially low ratio of value-to-branding signal"
That's a very interesting abstract criterion for exclusion: "low ratio of value-to-branding signal".
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