scholarly journals Education, Decision-Making, and Economic Rationality

Author(s):  
James W. Banks ◽  
Leandro S. Carvalho ◽  
Francisco Perez-Arce
2019 ◽  
Vol 101 (3) ◽  
pp. 428-441 ◽  
Author(s):  
James Banks ◽  
Leandro S. Carvalho ◽  
Francisco Perez-Arce

This paper studies the causal effect of education on decision making. In 1972, England raised its minimum school-leaving age from 15 to 16 for students born after September 1, 1957. An online survey was conducted with 2,700 individuals born in a 36-month window on either side of this date. Participants made 25 incentivized risk choices that allow us to measure multiple dimensions of decision making. Despite the policy having effects on education, educational qualifications, and income, we find no effects of the policy on decision making or decision-making quality.


1977 ◽  
Vol 52 (8) ◽  
pp. 366-367
Author(s):  
John J. Stallard ◽  
Margaret J. Hilton

2019 ◽  
Vol 48 (5) ◽  
pp. 287-295 ◽  
Author(s):  
Fiona Hollands ◽  
Yilin Pan ◽  
Maya Escueta

Education decision makers routinely make choices among programs and strategies to implement. Policy demands increasingly require that such decisions are based on evidence regarding program effectiveness at improving student outcomes. However, research evidence is but one of the considerations that practitioners must juggle, along with local conditions, capacity, resource availability, and stakeholder values. We investigated the feasibility of applying a multicriteria decision-making framework based on cost-utility analysis to facilitate evidence-based decisions by educators. Working with a total of 183 aspiring school leaders in class settings, we determined to what extent they could implement the initial steps of the framework. We subsequently invited three educators to apply the full framework to substantive decisions in their schools and report the results.


1984 ◽  
Vol 2 (2) ◽  
pp. 73-84
Author(s):  
Giorgio Stefani

Abstract The «fiscal crisis» cannot be solved on the simple basis of principles of economic rationality, without taking account of the institutional mechanisms. Politicians, bureaucrats, voters, do have a role in public decision-making and their behavior cannot be ignored.According to a generally shared view, local finance looks as an interesting field of research for Public Choice scientists since at local level the voter's ability to control the institutions is higher than at national level.This is true, however, only if we limit our attention to the relationship between local administrators and citizens. When the analysis includes the competition for funds among local governments, we have to deal with national problems, requiring the inclusion of variables whose behaviour is uneasy to predict.


1990 ◽  
Vol 84 (3) ◽  
pp. 927-940 ◽  
Author(s):  
Ruth Lane

Concrete theory is defined by a cluster of attributes—emphasis on governmental and other political elites, on strategic decision-making processes freed from narrow notions of economic rationality, and on a concern with the environment and institutions within which choice occurs. The approach has been observed recently in all research-oriented subfields within political science. Eight exemplars are discussed. Concrete theory demonstrates a novel combination of strong interest in empirical political processes, formalized through models that emphasize logical structure and depth explanation. Its effect is to bridge the gap between behavioral and institutional approaches.


2015 ◽  
Vol 90 ◽  
pp. S1-S4 ◽  
Author(s):  
Karen Hughes Miller ◽  
Bonnie M. Miller ◽  
Reena Karani

2019 ◽  
pp. 206-228
Author(s):  
Kevin P. Brady ◽  
Charles J. Russo ◽  
Cynthia A. Dieterich ◽  
Allan G. Osborne ◽  
Nicole D. Snyder

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