If we were willing to admit the students who would benefit most by objective criteria like income or career success, we could use prediction markets. The complete lack of interest in this suggests that isn’t really the agenda.
Robin is saying that lack of interest in using prediction markets for student admissions shows that universities don’t actually want the best students. I can think of many other possible explanations:
They have never heard of prediction markets. It’s a fairly obscure concept.
They don’t believe it would work.
They have moral issues with letting strangers bets decide if someone gets admitted, or they think it could be manipulated.
There are dozens of other strange methods that someone thinks would solve all their problems.
Maybe this is a good example.
Robin is saying that lack of interest in using prediction markets for student admissions shows that universities don’t actually want the best students. I can think of many other possible explanations:
They have never heard of prediction markets. It’s a fairly obscure concept.
They don’t believe it would work.
They have moral issues with letting strangers bets decide if someone gets admitted, or they think it could be manipulated.
There are dozens of other strange methods that someone thinks would solve all their problems.