Business, 01.02.2021 20:50, maddy6882

Suppose you have two friends who have the same underlying ability, took the same courses in college, and have the same GPA. One of them decides to go to a business school for an MBA, while the other one chooses to pursue a PhD in English literature. Given that the expected earnings of an MBA are much higher than the expected earnings of an English PhD, is one of your friends being irrational?

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Suppose you have two friends who have the same underlying ability, took the same courses in college,...