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Describe the factors that determine a person’s education choice. Assume that people choose years of education...

Describe the factors that determine a person’s education choice. Assume that people choose years of education and follow a stopping rule.

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Person's education choice depend upon personal factor like what his family guide him,advice received from friends etc.Education choice depend upon economic factors like what is admission charges,what is fees for course,what will we gain in the future.education also depend upon social factor like what is the status of that course etc.hence there are number of factors who determine what a person chooses.education depend upon risk while selecting particular course etc.

Stopping rules is a clinical trials term indicate that trial should be stopped early due to avoiding participants putting at risk unnecessarily.may be its due to intervention's benefit is so great that futher collection is unnecessary.

Hence person education is depend upon future risk,time value of money,future growth,personality improvement presence in that course.if there is no benefit then people do not go for that course.

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