Alan Bass: The Benefits of Free Agency vs. the Draft
There is a famous psychology experiment that discusses the emotional effects of someone choosing their destiny versus given the same. Researchers split participants into two groups. The first group was given five random “lottery” numbers, while the second group was asked to write down their own “lottery” numbers. After each scenario, researchers attempted to “buy back” the ticket from the participants. In every scenario, regardless of culture or demographics, researchers had to pay at least five times as much for the chosen numbers than for the randomly assigned numbers.