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Sequential unordered logit applied to college selection with imperfect information

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TLDR
In this paper, the authors examined the implications of logit-based choice models for the input-transducer and output transducer functions of an organization (in their application, a university) for college selection and recruitment of college-bound high school seniors in southern Illinois.
Abstract
The authors examine the implications of logit-based choice models for the input-transducer and output-transducer functions of an organization (in their application, a university). Logit models, defined as causal statistical models in -which the dependent variable is the odds that a particular event occurs, can be used to predict outcomes when deciders must choose among discrete alternatives (as in selecting a college or university). Unlike previous logit studies, the role of information flows between the organization and organisms outside the organization (potential students) is considered. It is shown that: (1) Static conditional logit models may yield inaccurate selection probabilities if, in reality, selection is made by recursive elimination of alternatives with new information added after each elimination; (2) a sequential unordered logit model can be developed which permits adjustment of the choice set during the information collection process; (3) this model can be used to evaluate the effectiveness of marketing policies. The model is applied to college selection and recruitment of college-bound high school seniors in southern Illinois.

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Optimal Financial Aid Policies for a Selective University.

TL;DR: In this paper, the authors provided a model of optimal financial aid policies for a selective university, which implies that the financial aid package to be offered to each category of admitted applicants depends on the elasticity of the fraction who accept offers of admission with respect to the monetary aid package offered them, the propensity of the category to enroll, and the relative weight the university assigns them in the utility function.
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Optimal Financial Aid Policies for a Selective University

TL;DR: In this article, the authors provide a model of optimal financial aid policies for a selective university-one that has a sufficient number of qualified applicants that it can select which ones to accept and the type of financial aid package to offer each admitted applicant.
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Transition from Consideration of a College to the Decision to Apply.

TL;DR: This paper investigated the effects of similar variables on students' decisions to apply to a particular institution after asking the Educational Testing Service to send their SAT scores to it and found that the fit between a student's preferences and an institution's characteristics has the most substantial impact on the decision to apply.
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A sequential logit model of the access effects of higher education institutions

TL;DR: In this article, the authors consider a model that allows similarity between institutions to enter the choice framework of potential students to analyze the issue of estimating the increase in aceess provided by higher education institutions.
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An application of the nested multinomial logit model to enrollment choice behavior

TL;DR: In this paper, an alternative to multinomial logit and contrast estimated results from the two approaches were compared using data on 446 high-school graduates in a midwestern state.
References
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Journal ArticleDOI

The Estimation of Choice Probabilities from Choice Based Samples

TL;DR: In this paper, a choice-based sampling process is proposed to estimate the parameters of a probabilistic choice model when choices rather than decision makers are sampled and the characteristics of the decision makers selecting those alternatives are observed.
Journal ArticleDOI

The Choice Process for Graduate Business Schools

TL;DR: In this article, a stochastic utility model was proposed and estimated by use of a sample of students admitted to Carnegie-Mellon Univer..., which was used to study the college choice behavior of graduate business school applicants.
Journal ArticleDOI

Time series and cross‐sectional investigations of the demand for higher education

TL;DR: In this article, the economic environment affecting freshman enrollments over time is explored, making use of both aggregate and disaggregate data, and a time series analysis is performed to find significant differences among institutional segments.
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