Request to econ and math people: solve the Delhi University admission problem
jyotirmoy.net
jyotirmoy.net
Homepage: http://web.stanford.edu/~alroth/
Blog: http://marketdesigner.blogspot.com
And here's a review of his recent book: http://www.wsj.com/articles/matchmaker-make-me-a-market-1434.... I'm reading it at the moment and it's fascinating.
The upside is that it puts the power to choose in the hands of the student (for better or worse -- many students & their families have no idea what they're doing. See the post from MichaelCrawford about his application experience.) and mostly eliminates the quota/population problem for schools. Most universities offer early admission here, which helps them fill a set number of spots with what they see as top students. One condition of applying early admission at a lot of schools is that you commit to attending their if they let you in. Of course, schools still offer admission to many more students than they know will attend, and I have no idea whether they do this algorithmically or using tribal knowledge gleaned from previous experiences, but I have very rarely heard stories of a school having serious difficulties because they let in too many kids. There have been a few, but the worst that happened was they had to put up some excess in off-campus apartments or hotels until attrition shrank the class to the point where campus housing became available again.
There are other problems with the US method of college admissions, but I prefer our more holistic process to something as rigid as described in this post.
As you describe, the system works the way that it does now. It's not a perfect system, and people who shoot to high or too low get screwed. That's life - perfect info, perfect matching, etc. don't exist, especially for a relationship as complex as the student-college one. There's no clear-cut signal for which students will be "the best" for colleges and vice versa, which colleges will benefit the students the most.
We can only try to reduce the number of students who get screwed over by adding more people to admissions departments, college counselors, reducing application fees, increasing awareness etc.
Adding more info to the student/college set is expensive. On the college side: Top college endowments are flourishing and there is no incentive to innovate at the most prestigious schools. On the student side: parents who can already pay massive amounts to game the system with private school, private tutors, admissions experts etc. It is the job of government to reduce the difference between wealthy and poor students. So an increase in spending on public school education is necessary, especially with regards to college prep.
The system is built around the information that schools collect from students: grades and extracurriculars. Unless other types of data are collected and used as signals during the admissions process (having some kind of score for EQ and social ability, for example), then nothing will change.
This is a process that happens millions of times per year, hundreds of millions of times if we see hiring as a similar problem. There is no silver bullet.
There is no one clear signal for future "success", but it would be hard to argue that social ability does not contribute to success. Half the reason people go to college is to pick up social skills and fraternize/network with other young, talented individuals. If it were possible to quantify, it definitely wouldn't hurt to consider social skills data alongside academic ability.
So then perhaps it should be targeted for low EQs so that they can improve?
How can you tell whether a student with bad grades is smart and underachieving (possibly coachable/teachable) or just not that smart/not able to grasp concepts? Colleges will not spend the resources and take the chance. There are plenty of applicants with good grades: admitting these applicants is safe.
It would be the same argument for EQ.
Which actually brings me to another point: The GS algorithm is roughly that members of one party(in this case the schools) work down their list of preferences, asking members of the other party(the students) to partner with them. The members of the other party always say yes to their first match, and will always leave their current match when someone higher on their list asks them to be partners. Sounds pretty similar to the system currently in place in India.
A final note on the GS algorithm: If an anecdote told by a professor of mine is correct, this has been tried before. It was how hospitals chose their residents after med school, but it was set up so the hospitals always got the best match. I believe the students sued them.
edit:formating
https://en.wikipedia.org/wiki/National_Resident_Matching_Pro...
And, where's the fun in it? :)
Note that an American-style "holistic" system is unnecessary since India explicitly allows racism into the process (so no need for convoluted schemes to hide it).
https://en.wikipedia.org/wiki/Reservation_in_India#Governmen...
I must say that I do prefer the Indian system to the US system, however. It's at least explicit and can be debated on merits. The purveyors of the US system are secretive so as to prevent opponents from gathering facts to argue against it.
I'll just say that having an outsider (perhaps a politician) re-appropriate words that have a clear, technical definition (say surveillance or security) must be frustrating for experts who understand those words.
Redefining a well-understood technical word is a good rhetorical technique but side steps whatever logic underlies the word's original defintion.
Select those who've made something of themselves for 2 years of university undergraduate finishing.
Let me also remind you that unlike the US, India is a country with real problems - with the money you spend on this crazy vague subjective university admission scheme, you could instead do something useful like building more toilets.
Every country has "real problems" unless your definition of a real problem is the winner of a who-suffers-the-most pissing contest. (In which case perhaps the Congo is the only country with real problems.)
We can build more toilets (aren't we already?) or we can educate next generation to aspire to do something great.
Every ~2500rs spent on colechristensen's basic income is one less toilet. That's the core calculation.
And yes, I do think the money spent on the Mars orbiter was just an exercise in national pride and would have been better spent on toilets, protecting women's dignity, literacy/arithmetic/english and similar low hanging fruit.
When start-ups compete against big corporations, do they try to follow corporate crap and other slow things? The advantage of being second is that you can learn from those ahead of you.
Although I agree that at least basic sanitation is more important than this, but this is not the case in general. In general, we need to invest in next generation technologies and advancements. Only then can we create income sources which dwarf all coming from the advancements of rest of the world.
The valedictorian of the other high school didnt get an interview.
The valedictorian of my high school didnt apply.
I totally blew off high school to do my own thing.
However I was crushed that I was not accepted to MIT.
I didnt apply to stanford. I expect I would have gotten in but didnt think we could afford it. In reality stanford is so expensive so people like me can get great financial aid.
Caltech was quite cheap for a private school no doubt because it is small but with a hufe endowment.
Have students rank, say 5 subjects and 5 colleges -- do a cut-off, and allow those cut to change or keep their choices (along with listing open positions after the current round).
Run the cut-off twice a day, for 20 days. If things don't balance out after 40 rounds, I suppose an entirely different system is needed.
I'm sure this could be modelled first, to check the viability.
No matter how interesting the problem might be from an algorithmic point of view.
I suspect the problem is essentially unsolvable, without requiring each student to fully write out the order of his/her school preferences. Otherwise there will inevitably (if the solution to the Stable Marriage problem is optimal in this regard) be undecidable cases that would have to be dealt with in a second round.
Colleges that are looking for a certain profile of students can provide a discount x% of their fees.
This is shown to the student who can similar rank the colleges for this.
On the other side, a student should not be allowed to pay his way in, so might be problematic?
The problem is now outsourced to third parties who will build tools to generate scoring functions intuitively, for example based on constraints, or based on matching you with the preferences of similar students etc.
how are you so sure about plural too, huh?
Econ -> Econs , no?
"Econ people" is short for "Economics people". Another word for "Economics people" would be "Economists", but it might also include people who have an interest in economics but don't consider themselves economists.
And as for the plural, An "econ person" would be an economist. The OP specified "Econ people".
Calm yourself down a bit.
Based on your comment history, you seem comfortable with taking liberties with the English language to get your point across quickly (e.g. omitting implicit pronouns and articles in sentences such as 'Somehow never was true with Iceland.', or 'They should quit Euro (Merkel will never allow because others would follow suit) and debase currency. Do exactly as Iceland did.')
So I'm not sure why you seem to take particular issue with 'econ', which is a very common casual way to refer, e.g., to the economics major at uni. ('econ 101' etc)