What's your marginal rate of exchange for LSAT and GPA?

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walnuto
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What's your marginal rate of exchange for LSAT and GPA?

Postby walnuto » Wed Nov 02, 2011 12:15 pm

If you could exchange points on your LSAT with points on your GPA, what would be the max that you'd be willing to exchange and in which direction? For fellow Econ majors, it might be fun to construct a distribution.

I was thinking about this a few minutes ago, and realized I would take a .07 hit to my GPA for a 1 score increase on my LSAT. I got a 172 on the LSAT and I have a >4.0 GPA.

Curious1
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Re: What's your marginal rate of exchange for LSAT and GPA?

Postby Curious1 » Wed Nov 02, 2011 12:19 pm

A better question is: what is the marginal exchange rate for LAW SCHOOLS. Would they rather have a 4.0/172 or a 3.9/173?

I think it depends on the medians and 75ths. But assuming we're not talking about ppl above 75ths or under 25s, I'd say .05 GPA per LSAT isn't too far off the mark.

caminante
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Re: What's your marginal rate of exchange for LSAT and GPA?

Postby caminante » Wed Nov 02, 2011 12:55 pm

I was an econ major so I'll play.

I would probably give up .03 for an extra LSAT point. There are definitely diminishing returns on the trade. For the point after that I would only give up another .01, and I wouldn't go any lower on my GPA than that.

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john1990
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Re: What's your marginal rate of exchange for LSAT and GPA?

Postby john1990 » Wed Nov 02, 2011 12:56 pm

i guess it depends on where your GPA and LSAT are coming from too

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TrojanHopeful
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Re: What's your marginal rate of exchange for LSAT and GPA?

Postby TrojanHopeful » Wed Nov 02, 2011 12:59 pm

john1990 wrote:i guess it depends on where your GPA and LSAT are coming from too


Exactly. It becomes more interesting if, say, you were looking at 3.0/170 or 4.0/160.

CanadianWolf
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Re: What's your marginal rate of exchange for LSAT and GPA?

Postby CanadianWolf » Wed Nov 02, 2011 1:09 pm

Also relative to the medians at one's first choice law school & that school's view toward splitters.




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