Pros And Cons Of Irrational Decision Making

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Irrational Decision Making
One of the most important decisions an undergraduate will make will be deciding what they will major in. This academic and life choice will ultimately decide how an individual will view their college experience and help guide them with their future career choices. Choosing the wrong major can be too stressful and overwhelming for a student with more course work than expected. On the other side of the spectrum, the wrong choice in a major will not challenge the individual to bring out their full potential. “Ideally, a major will leave a student academically successful, as well as fulfill academic, personal, and vocational goals “(“The Pennsylvania State University Division of Undergraduate Studies,” n.d.). For most college students choosing a major is a difficult decision, especially when they are not mentally and rationally matured. When choosing a major it is implied that most people are logical and rational, and that they weigh the pros and …show more content…

With increasing life expectancy and a contracting retirement income system households face an immense challenge in ensuring a secure retirement. Working longer is often viewed as a safe bet way to increase retirement incomes (Munnell and Sass, 2008). Moreover, new patterns of retirement have started to emerge such as; gradual retirement, phased retirement, and unretirement (Choi, Goode, and Tang, 2012). These fruitions create more friction for baby boomers entering retirement, a friction that causes firms to become resistant when creating new jobs. For example, it is far more cost efficient for a firm to reduce the work of an older employee (think gradual retirement) without training and bringing in a new worker to replace the older worker’s role (Filipczak, Raines, and Zernke,

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