I think it's the most stupid thing. Yeah, in terms of "preserving the species" you only, technically, need one man and several women, but when it comes to a sinking ship and not the destruction of the world, I believe in survival of the fittest. In my eyes, people are all people, no life is greater than another life, be it a man, woman, or child. Yes, the adults have lived their life, children are our future, but think of it this way... perhaps a middle-aged adult lives and a child drowns... the adult is older, the child has barely lived, but what if that adult was a scientist on the verge of a cure for cancer, that s/he then finished a year later? And what if that child grew up to be a modern-day Hitler? If you had chosen the child over the adult, you just chose a genocide over the cure for billions of people.
The protocol is basically a planned Russian roulette. You don't know what you're gonna get, but you still know which slots the bullets are in, just not what kind of bullets.
I'm a big believer in fate, so I believe when things are controlled like that, it's severely limiting everything.
And I'm a woman, but seriously, we could do without some of those stuck up, egotistical female doggies that were on the Titanic, since the rich ones were given first dibs.