Imagine that you are running the AAA admissions office. A business analytics professor has suggested that you could do a better job of picking students for the school if the admissions office used models to predict success and then just admit the students that score highest. Note: Humans can still be used to numerically code subjective judgments.
1. What do you think of this plan? What might models do better than expert admissions officers? (focus on Camerer reading)
2. What problems do you anticipate? How would you solve them?
3. How can we ensure that the model maintains what makes AAA unique?
Hint 1: Specify what measures of success the model is trying to predict for applicants. That is, what success metric is the model trying to maximize.
Hint 2: Even if you are against using models, you still must base your write-up on this week’s readings (and not just discuss your own opinions)!
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more