Tryouts are a case of adverse selection because coaches rarely have the opportunity to see a player’s complete skill set. It’s certainly a matter of imperfection information and coaches must develop signals that reliably reflect the ability of perspective team members. Sometimes teams make a draft pick because of “unlimited potential” or a “high ceiling”. This logic becomes absurd if it causes players who have been seen in greater detail (therefore exposing all of their skills and flaws) to be overlooked. In 2005 and 2006, Chris Paul and Brandon Roy were seen as the collegiate players most ready for the …