Decision Making For High School Seniors

For the most part, our decision-making processes are either sub-conscious or made fairly quickly due to the nature of the decision before us. Most of us don't spend much time deciding what to have for lunch, what to wear, or what to watch on television. For other, more complex decisions, we need to spend more time and analyze the elements of the decision and potential consequences. To assist with this, many people employ the use of a decision-making model. Utilizing a

Kahneman’s article is an analysis of intuitive thinking and how it guides our decision-making. Although primarily aimed at the field of psychology, it is an interdisciplinary article with applications in economic theorising. Kahneman attempts to differentiate between two systems of thought, one of intuition (system 1) and one of reasoning (system 2), and argues that many judgements and choices are made intuitively, rather than with reason (a slower and more deliberate process). Intuitive decision making, which encompasses heuristics, although generally more efficient and rapid, makes the agent potentially subject to errors due to framing effects or violations of dominance. The analysis of the studies and theoretical situations also provides criticism of the commonly held model of the rational agent within economics. The article also further conceptualises Kahneman’s theory, the Prospect Theory (Kahneman & Tversky, 1979), which has descriptive applications of people’s choice in decision-making situations involving risk and known probability of outcomes. These situations are typically unexplained by the more normative rational agent model.

Everyone has to make choices in their life. Some are everyday choices, like what to eat or drink. Others are more critical, like choosing a job. Important decisions take time to comprehend. Like with me, the decision to go to college was the most critical choice in my life and for my future, and I will never regret it. Going to college is important because it helps me find a job, it expands my knowledge, and it is a wonderful experience.

Colleges offer early admittance if students have already decided on which college they wish to attend. When going through early decision making, students may often make mistakes, change their school and majors more than needed. In the article, “Colleges & Early Decision,” written by M. Lee and M. Clapp, the authors introduce an early decision process, which students may access in high school. Students “felt eliminating early decisions would ease

It will be hard to know which college is the best for what I am wanting to achieve. This relates to "The Odyssey" when Odysseus has to make the difficult decision between going through Scylla or Charybdis. Odysseus said, “Better to mourn six men than lose them all” and he chose to face Scylla instead of Charybdis. I will have to choose the right college like Odysseus had to choose which monster he wanted to face. He doesn’t know if it is the right decision.

Firstly, it is obvious that we are faced with decisions every day ranging from trivial to vastly important. There are different factors that can affect all of the choices people make. Some of these factors are past experience, individual differences, and the situation. The most critical of these is the situation, although it is commonly overlooked. Usually people will attribute personal

In today’s economy, decision-making skills vary for each household; however, the bottom-line goal for every individual is to get the most for their money. In order to do this, there are 4 principles of individual decision-making: facing trade-offs, evaluating what one is giving up to obtain their goal, thinking at the margin, and responding to incentives.

May 1st, the National College decision day. This day is the national deadline for high school seniors to decide where they will be attending school by submitting their statement of Intent to Register. Most of us do not realize how difficult this decision can be, it is not as easy as choosing what to eat for lunch. How does a high school senior decide where to go to college? There are many factors that go into play with this decision including the cost of the school for the student, the prestige and the reputation of the school, and the location and social scene of the school. While there are many other factors these seem to be the most common among students

As a high school senior we look into what we want to do in our future. A big part of that is college. How do students know what college has the best opportunities? How do future students narrow down their options? A few things to look at when choosing a college includes the major of your interest, the campus, dorms, and class size.

Ryan will most likely prioritize colleges by the ones that can offer him the things he wants: with this mind set his intrinsic and extrinsic values come into action. Ryan will think about the intrinsic factors like what college can provide the most satisfactory education and programs for a person like him. Although, not all reasons are justified; the extrinsic factors such as scholarship money may lead Ryan to a college he never would of thought to go. These motivations help in choosing a practical place to apply.

A big school or small, public or private, urban or rural; these are just a few of the many difficult deciding factors I faced during my college selection. At the height of my selection process, I had applied to ten schools ranging across all those factors. I was completely unsure of what I wanted to do with my life yet and had no idea what type of school I wanted. My mind wasn’t set enough on the future and I was too worried about getting through high school and working my full-time job. As it got closer to spring, I had to start making some decisions. Ultimately, I narrowed my deciding process to three factors to specifically analyze to make the right decision. Beginning with reputation, followed by student life, and lastly the financial cost to attend.

One of the biggest decisions that I have made in my life has been where to go to college. Our counselors were telling us from the tenth grade to have our colleges picked out and start doing well on the SATs. I knew even from that age I wanted to go into engineering, I loved to work with my hands and always wanted to help build new things. I did not know at the time which type of engineering or which school that I wanted to go into.

Decision-making can be a cognitive process of selecting a course of action form various options. Some of us are logical. Some of us are risk taking. Either way such characteristics play a role in our decisions. In my experience decision-making can

Prospect theory is an important alternative descriptive theory for decision-making under unreliable situation (Kahneman and Tversky 1979), which includes real life selection and psychological analysis between choices that involve risk. Prospect theory, which efforts to explain individual make decisions between risky replacements based on the value of potential gains and losses (Wakker 2010), advanced from expected utility theory, which explains that investors want to maximize expected utility of wealth when unclearly situations (Blavatskyy 2007). According to Kahneman and Tversky (1992), more recent researches perceived nonlinear preferences in choices that do not involve definite events in prospective theory. The concept of framing effect refers description invariances (Kahneman and Tversky 1992). To be specific, individual always makes the same decision in identical choice conditions. Also, decision makers have tendency to

One of the trade-offs that I faced before in my life is when I had to make a decision about what I want to do after high school. If I chose to further my studies, that means I would have to give up the chance to earn money and gain working experiences. When I made up my mind to continue studying, I hesitated about which university to choose because there are too many choices. For example, if I had chosen to study at local university, I would have lost the opportunity to experience the university life in foreign country. Contrarily, if I had chosen to study abroad, there would have been a bigger financial burden for my family. I had to make the wisest decision as it affects my future.