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[quote=Anonymous]13:27 again.  BTW, my market approach is based on the assumption that most applicants (or perhaps rather the applicant pool collectively) are rational and informed consumers.  I fully recognize that assumption might not hold true in all situations.  Here are just a few examples:

1. If many people are unaware of a "hidden gem" school, then that school's admissions % will seem less desirable, even though the school itself is just as good as others with a lower admissions %.

2. Everyone has heard of the Harvard effect, where scads of people apply to Harvard despite the low odds of admission and perhaps not even interested in the school, just to see if they can get admitted.  That would skew the admissions %.

3. Some schools might have a skewed admissions % because of certain specific applicant pools.  Curtis Music is one example.  Another example might be MIT or CalTech, because the course of study will limit the applicant pool.  Another example might be a religion-affiliated school, like Liberty Baptist, because it's applicant pool is not reflective of the general population.  I'd guess historically black colleges like Howard or Spelman might have similarly skewed numbers.  [/quote]

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