Does selection pay off? A cost-benefit comparison of medical school selection and lottery systems.

This study not only shows that conducting a cost-benefit comparison is feasible in the context of selection for medical school, but also that an 'expensive' selection process can be cost-beneficial in comparison with an 'inexpensive' lottery system. We encourage other medical schools to examine the cost-effectiveness of their own selection processes in relation to student outcomes in order to extend knowledge on this important topic.