<p>
</p>
<p>Not necessarily. (The converse is true.) Columbia’s Early Decision policy makes it appear much more selective than it really is. ED is an admissions tactic by which the school artificially inflates (deflates) its yield (admit) rate: </p>
<p>“An early decision program is the most dramatic means by which a college can
manipulate its matriculation rate. Every early decision admittee has a 100 percent probability of matriculating, so mechanically the more students whom a college admits under its early decision program, the higher is its matriculation rate.”</p>
<p>Download paper from: [SSRN-A</a> Revealed Preference Ranking of U.S. Colleges and Universities by Christopher Avery, Mark Glickman, Caroline Hoxby, Andrew Metrick](<a href=“http://papers.ssrn.com/sol3/papers.cfm?abstract_id=601105]SSRN-A”>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=601105)</p>