Preference stability and choices in education

One of the unique problems of choices in education is the length of time between a choice being made and completion of the choice.  For instance, when choosing a school the choice remains active from the time a child enters school until they finish many years later.  In this way choices in education are more complicated than those normally associated with experience goods. Characteristics of choices made may change over time as the child grows. The choice needs to be continuously experienced in order make judgements about whether it is the ‘right’ choice.

ENDOGENEITY IN CHOICE PROCESSESchoice-model

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