Bang on target ! That's what I did for Duke. Don't leave the question blank..an admissions comm. member told me that looks really stupid. They know that people are mature enough to not put all eggs in one basket and apply to multiple places.
jaynayak
Some schools indeed do (ex. UNC, Darden, Duke etc). IMO there are two reasons for this
1) As you said to manage their yields...no body wants to invite students who would surely dump them if a better offer comes up. If i was the adcom I would not want to be in a position where I would have to take less than fit candidates in R3 just to fill the the seats.
2) Also they might want to see how much research you have done. Each school has some thing common to offer. They might check whether the schools youare applying to meet the goals you have stated or are you just applying based on rankings.
My 2 cents
i agree...IMO, one should list couple of schools which have similar offerings but are ranked lower....
that would help both ways...it would show that you have done your research and that you will not dump them if you get accepted to other programs (because they are better ranked)
