Tuesday, February 03, 2015

More Enron-ization of rankings.

As TaxProf Blog reports (here), UMKC has had an outside audit (here) to uncover rankings shenanigans.  What should we learn from examples like this one?  The same thing we should've learned decades ago: people respond to incentives.  For the best examples of perverse incentives, see this Freakonomics post.

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