from Market Design at http://bit.ly/2NXZShN on July 31, 2018 at 01:31PM
College admissions is a matching process–you can’t just study at an elite university, even if you can afford the tuition–you first have to be admitted.
Harvard’s admissions process is the subject of a lawsuit, and the discovery process is shedding some light on the deliberations that go on behind the closed doors of the admissions committee. Here’s an account from the NY Times:
Now you know some Harvard admissions jargon: “tips” are aspects of a candidates case that might tip him or her over the bar to admission. “Lops” are people tentatively admitted who get lopped off the admit list as it is trimmed to create a class that is balanced the way the admissions office wants. And the “Z-List” consist of people admitted at the last minute, and required to defer admission for a year, who often have family connections to Harvard.