Game Theory and undergrad/grad admissions

mikemac
Thu, 23 Apr 2015 15:31:57 +0000

My logic goes like this: Mom and dad shell out the cash and take on loans to send their son or daughter to an elite school

Seems like someone has never heard of the top 1% (lowest threshold for qualifying is at least $250K/year) or the top .1% (lowest threshold at least $1.6 million/year).

But, sure, if you invent an imaginary world where most parents struggle to send their kids to an elite school, you’ve got a point