4 ms·
Random selection might work right now, because all the candidates are pretty good. But, if you announce that you are selecting randomly, it screws up the incent
by Rylinks 10y ago
Random selection might work right now, because all the candidates are pretty good. But, if you announce that you are selecting randomly, it screws up the incentives. If everyone knows that you are selecting randomly, people will apply without any thought or skill, just to pay themselves a salary for a few years.
- fapjacks 10y agoWell, I'm not saying give the money to anyone who can fill out a form. Just because it's run by the government, doesn't mean it has to be completely inefficient or only feed abuse of the system. Banks have people that look over small business loan applications. There's no reason you couldn't hire someone just like that to work the door to the startup investment club.
- cbhl 10y agoI imagine people already apply without any thought or skill, due to the Dunning–Kruger effect.