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Reply to "Sidwell Basketball Article"
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[quote=Anonymous]As an economist, I have to point out that desirability (which we call utility) can be a function of many variables. These variables can include, but are not limited to, the perception of eliteness, proximity to your house, affordability so that you aren't sacrificing college or other savings, athletic program, collaborative vs competitive atmosphere, and much much more. Economists actually build utility curves with multiple variables, no kidding. As you can imagine, there will be no single definition of desirability that captures all families. Different families will weigh different things as being desirable. The ratio of acceptances gets to the perception of eliteness, but it doesn't get at these other possible components of desirability that some families may value even more. So it would make perfect sense that 1000 families would prefer Gonzaga to Sidwell because Gonzaga is more affordable and they can pay the mortgage.[/quote]
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