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Неравенство И Образование. Роля На Ограничената Рационалност И Дефектите На Самоконтрола
[Inequality and education. The role of bounded rationality and defects of self-control]

Author

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  • Kanev, Dimitar

Abstract

This report is built on the idea that even with the existence of equal opportunities for investments in education young people will not take full advantage of their educational chances. Especially those from low-income families. The reasons are sought in hyperbolic discounting and focus on the present, stereotypes, herd behavior, paralysis with many options and defects of willpower. There are also solutions that help young people to take full advantage of educational opportunities and to develop their potential, overcome or mitigate behavioral distortions and deviations from rationality.

Suggested Citation

  • Kanev, Dimitar, 2016. "Неравенство И Образование. Роля На Ограничената Рационалност И Дефектите На Самоконтрола [Inequality and education. The role of bounded rationality and defects of self-control]," MPRA Paper 77292, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:77292
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    References listed on IDEAS

    as
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    4. Samuelson, William & Zeckhauser, Richard, 1988. "Status Quo Bias in Decision Making," Journal of Risk and Uncertainty, Springer, vol. 1(1), pages 7-59, March.
    5. Daniel Kahneman & Jack L. Knetsch & Richard H. Thaler, 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 193-206, Winter.
    6. Dills, Angela K., 2005. "Does cream-skimming curdle the milk? A study of peer effects," Economics of Education Review, Elsevier, vol. 24(1), pages 19-28, February.
    7. Justine S. Hastings & Jeffrey M. Weinstein, 2008. "Information, School Choice, and Academic Achievement: Evidence from Two Experiments," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1373-1414.
    8. Bruce Sacerdote, 2001. "Peer Effects with Random Assignment: Results for Dartmouth Roommates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(2), pages 681-704.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; bounded rationality; myopia; inertia; herd behavior;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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