A model of student's dilemma

Adam Lipowski and António L. Ferreira

Physica A: Statistical Mechanics and its Applications, 2005, vol. 354, issue C, 539-546

Abstract: Each year perhaps millions of young people face the following dilemma: should I continue my education or rather start working with already acquired skills. Right decision must take into account somebody's own abilities, accessibility to education institutions, competition, and potential benefits. A multi-agent, evolutionary model of this dilemma predicts a transition between stratified and homogeneous phases, evolution that diminishes fitness, fewer applicants per seat for decreased capacity of the university, and presence of poor students at élite universities.

Keywords: Social dilemma; Game theory; Model of enrollment (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:354:y:2005:i:c:p:539-546

DOI: 10.1016/j.physa.2005.03.009

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