Related papers: Sequential Choices, Option Values, and the Returns…
Economic growth depends on capital investments and on investments in education and innovation. The model introduced here will specifiy aggregate output as determined by aggregate supply of capital and education investment. After formulating…
There is widespread emphasis on reform in the teaching of introductory statistics at the college level. Underpinning this reform is a consensus among educators and practitioners that traditional curricular materials and pedagogical…
Enhancing residents' willingness to participate in basic health services is a key initiative to optimize the allocation of health care resources and promote equitable improvements in group health. This paper investigates the effect of…
Conventional research on educational effects typically either employs a "years of schooling" measure of education, or dichotomizes attainment as a point-in-time treatment. Yet, such a conceptualization of education is misaligned with the…
Lifelong learning occurs on timescales ranging from minutes to decades. People can lose themselves in a new skill, practicing for hours until exhausted. And they can pursue mastery over days or decades, perhaps abandoning old skills…
This paper employs agent-based modelling to explore the factors driving the high rate of tertiary education completion in the Netherlands. We examine the interplay of economic motivations, such as expected wages and financial constraints,…
There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or `green' benefits. Some consumers might value these benefits while…
Student dropout is a significant concern for educational institutions due to its social and economic impact, driving the need for risk prediction systems to identify at-risk students before enrollment. We explore the accuracy of such…
Opportunities such as higher education can promote intergenerational mobility, leading individuals to achieve levels of socioeconomic status above that of their parents. We develop a dynamic model for allocating such opportunities in a…
Options represent a framework for reasoning across multiple time scales in reinforcement learning (RL). With the recent active interest in the unsupervised learning paradigm in the RL research community, the option framework was adapted to…
In this paper, we introduce a new comprehensive data set on educational attainment and inequality measures of education for 142 countries over the period 1970 to 2010. Most of the previous attempts to measure educational attainment have…
This paper considers the use of instruments to identify and estimate private and social returns to education within a model of employer learning. What an instrument identifies depends on whether it is hidden from, or transparent (i.e.,…
While modern deep networks have demonstrated remarkable versatility, their training dynamics remain poorly understood--often driven more by empirical tweaks than architectural insight. This paper investigates how internal structural choices…
We study education as a remedy for misspecified beliefs in a canonical sequential social-learning model. Uneducated agents misinterpret action histories - treating actions as if they were independent signals and, potentially, overstating…
Academic choice is crucial in U.S. undergraduate education, allowing students significant freedom in course selection. However, navigating the complex academic environment is challenging due to limited information, guidance, and an…
In this paper, we estimate the causal effect of political power on the provision of public education. We use data from a historical nondemocratic society with a weighted voting system where eligible voters received votes in proportion to…
In many daily tasks we make multiple decisions before reaching a goal. In order to learn such sequences of decisions, a mechanism to link earlier actions to later reward is necessary. Reinforcement learning theory suggests two classes of…
For many students, placement into developmental education becomes a self-fulfilling prophecy. Placing college students into developmental education significantly negatively impacts student attainment, student probability of passing, and…
Dynamic decisions are pivotal to economic policy making. We show how existing evidence from randomized control trials can be utilized to guide personalized decisions in challenging dynamic environments with budget and capacity constraints.…
We developed a prediction model based on the evolutionary causal matrices (ECM) and the Markov Chain to predict long-term influences of educational interventions on adolescents development. Particularly, we created a computational model…