Choices matter. And in your teens and twenties, some of the biggest
life decisions come about when you feel the least prepared to
tackle them. Economist Robert T. Michael won't tell you what to
choose. Instead, he'll show you how to make smarter choices.
Michael focuses on five critical decisions we all face about
college, career, partners, health, and parenting. He uses these to
demonstrate how the science of scarcity and choice concepts used to
guide major business decisions and shape national legislation can
offer a solid foundation for our own lives. Employing comparative
advantage can have a big payoff when picking a job. Knowing how to
work the marketplace can minimize uncertainty when choosing a
partner. And understanding externalities the ripple of results from
our actions can clarify the if and when of having children. Michael
also brings in data from the National Longitudinal Survey of Youth,
a scientific sample of 18 million millennials in the United States
that tracks more than a decade of young adult choices and
consequences. As the survey's longtime principal investigator and
project director, Michael shows that the aggregate decisions can
help us understand what might lie ahead along many possible paths
offering readers insights about how their own choices may turn out.
There's no singular formula for always making the right choice. But
the adaptable framework and rich data at the heart of The Five Life
Decisions will help you feel confident in whatever you decide.
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