Now that the Harvard suit reminds us to wonder how can we "fairly" admit college students, I remind the world that it would be fair to use prediction markets tied to many fair outcomes, like GPA, graduation rates, etc. https://www.overcomingbias.com/2012/12/college-admission-markets.html …https://www.economist.com/united-states/2018/06/23/a-lawsuit-reveals-how-peculiar-harvards-definition-of-merit-is …
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Replying to @robinhanson
There’s no consensus on what qualifies as fair. Part of what people want out of college admissions is general equilibrium changes, but few want to be explicit about their loss functions, so we get proxy arguments about fairness.
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Replying to @bechhof
I say it would be more fair to pick the outcome measures we want from admitted students. Some of those are fully within Harvard's control, so they could less complain of being polluted by a biased outside society.
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Replying to @robinhanson
That doesn’t address how overall composition affects the outcome. There are standard cases for diversity of background and interests, and optimizing overall outcomes of that kind won’t work well with your proposal.
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Replying to @bechhof
If one could specific how to measured the desired outcomes that one hopes diversity will produce, prediction markets could also be made on which policies would best produce those outcomes.
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Replying to @robinhanson
That’s true, but this is just a specific application of futarchy.
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