An application of a decision-theoretic model to a quota-free selection problem

Demonstrated a possible application of a threshold utility model for evaluating the student selection procedure based on 1,554 applications made to the Faculty of Humanities at the Hebrew University of Jerusalem. Results show that the predictor was useful, unless its costs were very large. This conclusion is generalizable across the different definitions of success, since the utility ratios and the prior probabilities of success tended to neutralize one another. (14 ref) (PsycINFO Database Record (c) 2006 APA, all rights reserved).