Are You Better?
Since we're a collective obsessed with ranks, it should come as no surprise that we enjoy ranking our academic achievements also. Of course we resent U.S. News, the fabulously useless rumor-mill that has made its name as the keeper of College ranks.
Leave it to the guys who do math though. It seems some economists have created a better system.
Like any economic model, their's rely's on competition and natural selection. Essentially, if say Peter was accepted to Harvard and Yale, then Harvard and Yale would face a head to head competition, and his final choice would get a win. Aggregating this data over time creates a ranking system that seems less likely to favor schools that play the game.
All that being said, the real economic model should simply calculate the netwealth of the entering class. Then calculate 5 years later the same students' netwealth, and calculate 10 years later. That way each school can be judged not on academics but on the improved earning potential students have by attending the university.
Leave it to the guys who do math though. It seems some economists have created a better system.
Like any economic model, their's rely's on competition and natural selection. Essentially, if say Peter was accepted to Harvard and Yale, then Harvard and Yale would face a head to head competition, and his final choice would get a win. Aggregating this data over time creates a ranking system that seems less likely to favor schools that play the game.
All that being said, the real economic model should simply calculate the netwealth of the entering class. Then calculate 5 years later the same students' netwealth, and calculate 10 years later. That way each school can be judged not on academics but on the improved earning potential students have by attending the university.
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