In the introduction, we walked through a stylized example of an MVPF calculation for a college scholarship program. Now we apply that same logic to a real-world example to see how the MVPF is calculated. This explanation is designed to give you a sense of the way that a researcher might calculate the MVPF of a policy they’ve studied.
We illustrate the MVPF construction for the admissions expansions at Florida International University (FIU), as studied by Zimmerman (2014). This analysis comes from Hendren and Sprung-Keyser (2020).