Posted by: oldmaven October 13, 2008
Login in to Rate this Post:
0 
? 
?
It all depends, but PhD is the highest level of education. That meaning, you enroll for your quest for the highest degree and not necessarily largest lump sum.
I guess it classifies as one of the "scope insensitivity" example. Anyone into behavioral economics can put light on this, or correct me.
Scope insensitivity is the inability of a person, or voting block, or nation, to understand simple quantitative proportions, which if understood, would cast a policy issue in an entirely different light. Simply put, because of scope insensitivity, the logical conclusions one might rationally find obvious are eclipsed by emotional arguments. Absent the ability to recognize basic quantitative realities, the proper scope of the relevant variables that affect a policy issue are incomprehensible, and policy becomes a puppet of whoever has the most money and the most compelling emotional appeal.
I guess it classifies as one of the "scope insensitivity" example. Anyone into behavioral economics can put light on this, or correct me.
Scope insensitivity is the inability of a person, or voting block, or nation, to understand simple quantitative proportions, which if understood, would cast a policy issue in an entirely different light. Simply put, because of scope insensitivity, the logical conclusions one might rationally find obvious are eclipsed by emotional arguments. Absent the ability to recognize basic quantitative realities, the proper scope of the relevant variables that affect a policy issue are incomprehensible, and policy becomes a puppet of whoever has the most money and the most compelling emotional appeal.