I’ve worded the paper’s conclusion carefully, following the lead of Chilton and Levy. Their paper, posted at SSRN in November and entitled, “Challenging the Randomness of Panel Assignment in the ...

Much like playing a game of Monopoly, a recent study from Tufts University finds that when people are more wealthy, it’s because they’re lucky — a result of just pure randomness. The study’s findings, ...

Going back over 50 years, public intellectuals have toyed with a radical idea: What if colleges used random lotteries to admit students? It’s a notion that first caught on in the 1960s, when middle ...