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DC Public and Public Charter Schools
Reply to "The downside of the DC school lottery "
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[quote=Anonymous]The real problem is that the school lottery is a repeated game with highly correlated outcomes and it is being modelled as a single outcome. As pointed out by a previous poster, it also exaggerates the idea of the ordering of choices being meaningful when there are really tiers of preference. For example, if the preference between two choices is either zero or swamped by the noise of uncertainty, then this heavy emphasis on efficiency with respect to trading after assignment is silly. Ordinal ranking just isn't communicating all the information that parents have compiled.[/quote]
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