Education equips people with better abilities to make high-quality choices
Education improves economic decision-making - life science news

Education support and laboratory experiments that mimicked real-life situations improved economic decision-making in a group of nearly 3,000 girls in secondary schools in Malawi. The students received one year of financial support, and the effects on economic choices the students made were assessed four years later. It turned out that students tried to obtain the greatest value possible from an economic decision, which is a criterion for economic rationality. Thus, education is a tool for enhancing and individual’s economic decision-making quality.

Read the full story: Cornell University
Scientific publication: Science