Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach

Context: Although many medical schools seek to improve diversity, they grapple with the challenge of how to weight the scores of different admission methods to achieve a balance between obtaining high predictiveness and ensuring diversity in the selected student pool. Yet, in large-scale employment...

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Main Authors: LIEVENS, Filip, SACKETT, Paul R., DE CORTE, Wilfried
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Language:English
Published: Institutional Knowledge at Singapore Management University 2022
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6859
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7858/viewcontent/ParetoMed.pdf
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spelling sg-smu-ink.lkcsb_research-78582022-05-25T08:00:56Z Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach LIEVENS, Filip SACKETT, Paul R. DE CORTE, Wilfried Context: Although many medical schools seek to improve diversity, they grapple with the challenge of how to weight the scores of different admission methods to achieve a balance between obtaining high predictiveness and ensuring diversity in the selected student pool. Yet, in large-scale employment settings, substantial progress has been made on this front: Pareto-optimization has been introduced as an elegant statistical tool to assist decision makers in determining the weights assigned to selection methods in advance (before the selection has taken place) so that a selection system is designed to achieve an optimal balance as reflected by the trade-off that one outcome (e.g., predictiveness) cannot be improved without harm to the other outcome (e.g., diversity). Aims: This paper reviews the theory and research evidence about Pareto-optimization and explains how Pareto-optimization permits medical schools to better balance predictiveness and diversity in medical admission systems. Methods: After reviewing common weighting schemes (unit, regression-based and ad hoc weighting) and their drawbacks, we introduce the theory and logic of Pareto-optimization for better balancing predictiveness and diversity. To this end, we also offer an illustrative example. Next, we review the mathematical basis and available research evidence regarding Pareto-optimization. Finally, we discuss potential criticisms (i.e., complexity and legal concerns). Conclusions: Compared to traditional unit weighting, regression-based weighting and ad hoc weighting, Pareto-optimization leads to substantial increases in diversity intake (up to three times more), while keeping the predictiveness of the selection methods at the same level. Moreover, the Pareto-optimization is robust to sampling variability and variability of the input selection parameters. 2022-02-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/6859 info:doi/10.1111/medu.14606 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7858/viewcontent/ParetoMed.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Medical school theoretical study algorithm Educational Assessment, Evaluation, and Research Medical Education Organizational Behavior and Theory
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Medical school
theoretical study
algorithm
Educational Assessment, Evaluation, and Research
Medical Education
Organizational Behavior and Theory
spellingShingle Medical school
theoretical study
algorithm
Educational Assessment, Evaluation, and Research
Medical Education
Organizational Behavior and Theory
LIEVENS, Filip
SACKETT, Paul R.
DE CORTE, Wilfried
Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
description Context: Although many medical schools seek to improve diversity, they grapple with the challenge of how to weight the scores of different admission methods to achieve a balance between obtaining high predictiveness and ensuring diversity in the selected student pool. Yet, in large-scale employment settings, substantial progress has been made on this front: Pareto-optimization has been introduced as an elegant statistical tool to assist decision makers in determining the weights assigned to selection methods in advance (before the selection has taken place) so that a selection system is designed to achieve an optimal balance as reflected by the trade-off that one outcome (e.g., predictiveness) cannot be improved without harm to the other outcome (e.g., diversity). Aims: This paper reviews the theory and research evidence about Pareto-optimization and explains how Pareto-optimization permits medical schools to better balance predictiveness and diversity in medical admission systems. Methods: After reviewing common weighting schemes (unit, regression-based and ad hoc weighting) and their drawbacks, we introduce the theory and logic of Pareto-optimization for better balancing predictiveness and diversity. To this end, we also offer an illustrative example. Next, we review the mathematical basis and available research evidence regarding Pareto-optimization. Finally, we discuss potential criticisms (i.e., complexity and legal concerns). Conclusions: Compared to traditional unit weighting, regression-based weighting and ad hoc weighting, Pareto-optimization leads to substantial increases in diversity intake (up to three times more), while keeping the predictiveness of the selection methods at the same level. Moreover, the Pareto-optimization is robust to sampling variability and variability of the input selection parameters.
format text
author LIEVENS, Filip
SACKETT, Paul R.
DE CORTE, Wilfried
author_facet LIEVENS, Filip
SACKETT, Paul R.
DE CORTE, Wilfried
author_sort LIEVENS, Filip
title Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
title_short Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
title_full Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
title_fullStr Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
title_full_unstemmed Weighting admission scores to balance predictiveness-diversity: The Pareto-optimization approach
title_sort weighting admission scores to balance predictiveness-diversity: the pareto-optimization approach
publisher Institutional Knowledge at Singapore Management University
publishDate 2022
url https://ink.library.smu.edu.sg/lkcsb_research/6859
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7858/viewcontent/ParetoMed.pdf
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