Earlier quoted context omitted.
Why do US airlines overbook flights? Is it the same sort of thinking?
No that metaphor doesn't work. US colleges' approach to admissions is more like selling aeroplane tickets but not asking people where they want to go, then be surprised when they all get to the airport and try to cram on the one plane going to the same place. In other places you buy a ticket for a destination. Yeah some flights might be a bit overcrowded in some cases, but it's not as bad as not knowing how many peop…
Universities regularly "admit" more students than they can actually allow to "enroll". If a university can physically support a freshman class of, say, 1000 students, they will "admit" a number higher than that, say 1300, knowing that only a percentage of the students that they admit will actually end up enrolling (because very simply some of them choose to enroll at a another university that they were also accepted into).
Here at the university I work at they refer to this "admittance/enrollment" ratio as "yield" or "yield rate". The yield is tracked from year to year and the number of acceptance letters sent out is based on this historical data.
Sometimes, though, the University is surprised (like this past year here) and gets a much higher yield rate and ends up with more students than dorm rooms...