Kevin Is a High School Junior Who Has Wanted to Attend

question 75

Multiple Choice

Kevin is a high school junior who has wanted to attend college since he was in elementary school. According to recent research, what will most significantly influence whether Kevin will attend college and, if he does, whether he graduates?

• A) family income
• B) grades and SAT scores
• C) letters of recommendation and volunteer work
• D) a special talent, such as athletics, music, or art

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Definitions:

Satisficer

An individual who makes decisions that are good enough under the circumstances, rather than striving for the optimal solution.

Mainstream Economic Models

Widely accepted theoretical frameworks used to analyze and predict economic phenomena, typically based on assumptions of rational behavior and market equilibrium.

Decision Making

The process of identifying and choosing alternatives based on the values, preferences, and beliefs of the decision-maker.

Time Inconsistent Manner

Decision-making behavior that varies over time, often in a way that contradicts earlier plans or intentions due to a change in the decision-maker’s preferences.