I think I've disproven the factual basis you gave for your speculation: the real standard is orthogonal to your cutoff-with-lottery versus rank-by-test-scores.
And it's now 80 karma paperclips. Do you know how ridiculous this looks, how badly Less Wrong is breaking its own rules of conversation?
I've lost about 150 karma (and the actual loss if it wasn't for people voting up -1 comments would probably be more like 250). The moderators have done squat, if we even have anything that passes for moderators. (The admins, then.)
Suppose I told you that I knew for a fact that the following statements were true:
You’d think I was crazy, right?
Now suppose it were the year 1901, and you had to choose between believing those statements I have just offered, and believing statements like the following:
Based on a comment of Robin Hanson’s: “I wonder if one could describe in enough detail a fictional story of an alternative reality, a reality that our ancestors could not distinguish from the truth, in order to make it very clear how surprising the truth turned out to be.”1
1Source: http://lesswrong.com/lw/j0/making_history_available/ewg.