Asymmetrical Information

I'm watching a profile of

I'm watching a profile of kids trying to gain admission to the UC system under the new scheme where "life challenges" get extra points. Now kids who have 4.5 GPAs and good extracurriculars, but who have had the misfortune not to have had any misfortunes, can't get in. Not only is the system wildly unobjective -- the kids are totally confused about what counts as a "challenge" -- but the program is encouraging kids to forget about this achievement crap and get busy feeling sorry for themselves.