The best way to rank universities is by which ones applicants choose from the ones that accept them.
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Sure, what I mean is - that metric is susceptible to the same kind of corruption that occurs on Amazon ratings when sellers offer discount to buyers in exchange for ratings.
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How about looking at the success metrics of the alumni of each university, normalized by their entry level scores prior to admission? P(success | university, student) / P(success | student)
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If you can do it.
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