<p>2) Why? It's a simple matter of supply and demand. The more people want something, the higher the value of that "something" goes. </p>
<p>3) Do you think that its a total sheer coincidence that out of the thousands of National Universities in the US, that year in and year out, the top most selective schools are always Harvard, Yale and Princeton?”</p>
<p>Again, acceptance rates are functions of: class size, expected yield, and number of applicants. </p>
<p>Thus, a school that gets more applications than say, Harvard, but also has a larger class size, will most likely have a higher acceptance rate (unless its yield is perfect). So, I don’t see this as a “simple matter of supply and demand”- it’s a rather complicated supply/demand situation. This would be true if HYP, etc had the lowest acceptance rates AND received the most applications, but they do not, not by far. They are not the most “demanded” schools, just the schools that get enough applications and have small enough class sizes to achieve a low acceptance rate. Example: Julliard. This school has a 5% acceptance rate, but I’m willing to bet its class size is tiny…… or UCLA, which gets 20,000 more applications than Harvard, but also has quite a larger class size and smaller yield.</p>
<p>Now, one could argue that a spot in the class is the “supply”, and thus having fewer spots means that there is a greater demand at a place like Harvard, but then, all a school would have to do is shrink its freshman class to get a smaller yield. Thus, a school like Cornell could drop a few hundred people and see its acceptance rate lower significantly. Or, a school could do what places like Columbia have done and accept a large portion of the class ED- this creates a higher protected yield, allows the school to reject more people RD, and in turn drives down the acceptance rate. If Northwestern or WashU did these things (to a larger extent), they would quickly shoot above many other schools.</p>
<p>4) Are you suggesting that there is NO correlation between low acceptance rates and the quality of a school (or a school's student body)? If so, please provide your evidence / rationale... this should be very entertaining reading indeed... <em>awaits anxiously</em></p>
<p>I’m not saying that there is NO correlation, but I am saying that the old statistics adage that correlation does not imply causation is important in this situation; just because a school has a low acceptance rate does not mean it is a good school. That is, of course, not to say that many good schools do not also have low acceptance rates.</p>