This paper examines the problem of a college affected by both a legal ban on affirmative action in admissions and pressure to raise enrollment of underrepresented minorities (URMs), as exemplified by UCLA, which adopted a holistic admissions process in 2006 in response to protests over low URM...

Prediction markets — markets used to forecast future events — have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...