Student Uncertainty and Major Choice

Joshua Congdon-Hohman, Anil Nathan () and Justin Svec

No 1301, Working Papers from College of the Holy Cross, Department of Economics

Abstract: This paper examines how model uncertainty affects students' choice of major. To account for this uncertainty, the students apply a max-min operator to their optimization problem. We show analytically that greater uncertainty in a particular major causes the student to be less likely to choose that major and that greater uncertainty across all majors causes fewer students to major in science, technology, engineering, and math. To test the model's assumptions and predictions, we have conducted a novel survey of college freshmen. The results from this survey are consistent with assumptions and implications of the theoretical model.

Keywords: Major choice; model uncertainty; STEM (search for similar items in EconPapers)
JEL-codes: D81 I23 J24 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-02
New Economics Papers: this item is included in nep-edu
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1301

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