Svec, Justin; Congdon-Hohman, Joshua; Nathan, Anil - Department of Economics and Accounting, College of the … - 2013
This paper examines how model uncertainty affects students' choice of major. To account for this uncertainty, the … students apply a max-min operator to their optimization problem. We show analytically that greater uncertainty in a particular … students to major in science, technology, engineering, and math. To test the model's assumptions and predictions, we have …