College football rankings: Do the computers know best?

The bowl-championship-series (BCS) committee uses 10 ranking schemes, including eight computer rankings, to select college football teams for bowl-championship-series bowl games, including the national championship game. The large financial benefits of participating in BCS bowl games make it imperative that the selection process accurately selects the best teams. I evaluated the performance of the 10 ranking schemes the BCS committee used during the 1999 and 2000 seasons to select bowl teams. I find that almost all are equally accurate, but the Seattle Times scheme clearly underperforms the others. In addition, two proposed changes to the BCS selection formula, (1) to prohibit computer ranking schemes from considering the margin of victory in their rankings, and (2) to include explicitly the outcomes of head-to-head games among teams being considered for BCS bowls, could do more harm than good and could decrease the likelihood of the committee selecting the best teams for the BCS bowls.