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												Analyzing the Dynamics of Legacy Preferences in College Admissions
Why do many U.S. colleges give preference to applicants who are relatives of alumni? A new paper coauthored by MIT Sloan Professor Emilio J. Castilla sheds light on this question.
 
												Cleansing by Tight Credit
Cleansing by Tight Credit: Rational Cycles and Endogenous Lending Standards | Consumer Finance Initiative | Lending Markets
 
  