Thursday, October 25, 2018

Marginal analysis and choice of majors

MarginalRevolution documents the comparative--not absolute--advantage of boys in STEM subjects:
Loosely speaking the situation will be something like this: females will say I got As in history and English and B’s in Science and Math, therefore, I should follow my strengthens and specialize in drawing on the same skills as history and English. Boys will say I got B’s in Science and Math and C’s in history and English, therefore, I should follow my strengths and do something involving Science and Math.

This analysis done by females can be understood using Marginal analysis, i.e., if MCMath > MCEnglish for females, then the MC of doing math is greater than that of English, so they devote more effort to English.  However, this ignores the hidden benefits of studying Math.  It is more likely that (MRMath-MCMath) > (MREnglish-MCEnglish).  or that the marginal profitability of Math is greater than that of English. The expressions in parentheses are the marginal profitability of each activity.

7 comments:

  1. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    ReplyDelete
  2. It is interesting to see how marginal analysis applies to something very basic but yet, may explain why fewer females are in STEM. In Nigeria, girls mostly perform better in most subjects during the primary/basic education stage but along the line, boys eventually dominate the STEM fields. It will be interesting to see if more research can test this phenomenon.

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. This is interesting. I wonder how we can help people change their behavior from choosing the path of least resistance to the path of greatest marginal profit. I can see a lot of applications for individual behavioral patterns that apply here like dieting, learning a new skill like coding, or spending time networking.

    ReplyDelete
  5. I appreciate that although the concept of marginal analysis is being used, it simply points to the overarching concept that hard work truly does pay off. Just because something is easier, or in this case at a lower cost to you, does not mean it will have the best results.

    ReplyDelete
  6. TESTIMONY ON HOW I GOT MY LOAN AMOUNT FROM A RELIABLE AND TRUSTED LOAN COMPANY LAST WEEK. Email for immediate response drbenjaminfinance@gmail.com

    Hello everyone, My name is Mrs. Carolin Glowski, I'm from Europe, am here to testify of how i got my loan from BENJAMIN LOAN FINANCE after i applied Two times from various loan lenders who claimed to be lenders right here this forum, i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to {Dr. Benjamin Scarlet Owen} the C.E.O of BENJAMIN LOAN FINANCE who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met {Dr. Benjamin Scarlet Owen} who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Dr. Benjamin Scarlet Owen on his email address drbenjaminfinance@gmail.com


    THANKS

    ReplyDelete