Moneyball, the popular film adaptation of Michael Lewis’s book on baseball, provides an engaging vehicle for teaching evidence-based management and decision-making bias, two topics that students without prior work experience may struggle to grasp. This article provides clip-by-clip examples of probing questions that can be used to foster a robust in-class discussion of both topics. While many students may have watched the movie in its entirety, the recommended clips have served as an effective teaching tool for students with no prior knowledge of the movie.
The phenomenal growth in the demand for higher education during the 1950s and 1960s greatly simplified predicting enrollments; college administrators merely projected the prevailing trend one more year. In the 1970s, however, a number of factors?a relative decline in the tradi tional college-age population, a slack economy, and a noticeable decrease in the relative value of a college education?have made accurate enrollment predictions more difficult. Unable to determine next year's enrollment by simple extrapolation, some college administrators, especially those in private institutions which cus tomarily place a great deal of emphasis on student recruitment, have turned to the use of increasingly sophisticated resource models in order to predict demand.1 Unfortunately, these models, equipped as they are to handle budgeting, faculty planning, academic upgrading, and student flows, are costly to employ. This makes them generally unavailable to many schools, particularly financially strapped public institutions where student recruitment is often a low-priority item.Of course, administrators of public institutions can make use of the results generated from previous studies in an effort to forecast the demand for higher education. This alternative, however, is subject to certain limitations. First, most available studies of the demand for higher education date back to a time when higher education was booming. It is uncertain that once valid hypotheses are still relevant in these days of falling demand. Second, and more importantly, existing studies are mainly aggregate in nature and consequently view higher education as a monolithic industry. Their results, however valuable to policy makers whose decisions affect the entire sector, are of limited usefulness to the administrator of a single institution. What is true for the whole does not necessarily apply unambiguously to the parts. The present literature is replete with evidence on how the demand for higher education is affected by changes in policy variables over which administrators of a single institution have little or no control.2 College administrators want to know how changing vari ables they can control, such as the quality of education at their institution, will affect enroll ments, variables that existing studies have analyzed only tangentially. The purpose of this paper is to fill this information void by developing and testing an inexpensive, disaggregate model of the demand for higher education which will permit college administrators to pinpoint key variables affecting enrollment at their particular school. The principal advantage of the disaggregate approach is that it will allow explicit assessment of variables hereto fore given only cursory treatment. The ModelPredicting enrollment for a given college is analogous to forecasting demand for an individual firm. Therefore the appropriate disaggregate model for enrollment predictions would include tradi tional microeconomic variables such as price, the price substitutes, quality, and the degree of com pe...
BULLETIN" 1030, U. S. DEPARTMENT OF AGRICULTURE. fiber under favorable conditions l^J inches long, of fine texture and quality, and remarkably like the Sea Island cotton. Moreover, on account of its nearly smooth seeds Meade cotton can be handled on the regular Sea Island gins. DECLINE OF THE SEA ISLAND INDUSTRY. The spread of the boll weevil to include the entire Sea Island section of the Southeastern States was foreseen several years ago, and it was generally conceded that the rank-growing, late-fruiting habits of the Sea Island cotton would make it particularly susceptible to injury from this pest. That this prediction is being rapidly fulfilled and that the complete destruction of the Sea Island industry is threatened are indicated by the rapid decline in the production of this fiber, as follows : Bales.
C OCONUTS are seeds. They are the largest of all seeds, except the so-called double coconuts of the Seychelles Islands, in the Indian Ocean, which are the seeds of a huge fan palm (Lodoicea sechellarum). The dou
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