When you think of it, I'm sure you admit that there are better ways than lottery.
a) increase the number of people admitted.
b) increase the bar for admissions so that it matches the admissions.
Private Ivy League's are massive hedge funds that artificially limit admissions.
For example, Harvard takes 1200 per year, receives 50,000 applications. Harvard could easily increase the number of admissions to 10 - 15 thousand and tighten admission criteria little bit.
a) increase the number of people admitted.
b) increase the bar for admissions so that it matches the admissions.
Private Ivy League's are massive hedge funds that artificially limit admissions.
For example, Harvard takes 1200 per year, receives 50,000 applications. Harvard could easily increase the number of admissions to 10 - 15 thousand and tighten admission criteria little bit.