Because students rely on their subjective expectations when choosing a college major, understanding this process of … expectations formation is crucial for education policy recommendations. This paper focuses on how college students form … that contains their subjective expectations about major-specific outcomes. Although students tend to be overconfident about …

The college experience involves much more than credit hours and degrees. Students likely derive utility from in … come by. Leveraging the COVID-19 shock, we elicit students' intended likelihood of enrolling in higher education under … socioeconomic groups. Our analysis shows that economically-disadvantaged students derive substantially lower value from university …