ERIC Number: ED261948
Record Type: Non-Journal
Publication Date: 1985-Jul
Reference Count: N/A
Children's Use of Cost-Benefit Analysis: Developmental or Non-Existent.
Kourilsky, Marilyn; Graff, Edna
The main purpose of the study was to ascertain whether the use of cost-benefit analysis by children tends to be age-related, a function of instructional mediation, both, or neither. The subjects included 220 first, second, third, and fourth graders ranging in age from six to nine years. One hundred and fourteen subjects were assigned to the treatment group. All subjects lived in a predominantly white neighborhood and attended one of two neighboring schools. Each subject was individually interviewed; responses were tape recorded and later scored by two trained judges who were specialists in economics. The major results indicated that children, as they get older, seem to have both a better understanding of cost-benefit analysis and a tendency to invoke such reasoning in everyday decision making. Also, participation in an instructional program, Mini-Society, appears to produce both a greater understanding of and proclivity to utilize cost-benefit analysis. (Author)
Descriptors: Cognitive Development, Cost Effectiveness, Critical Thinking, Decision Making, Economics Education, Educational Research, Elementary Education, Skill Development
This research was made possible by a Grant from the Charles Stewart Mott Foundation.
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: N/A