<abstract xmlns="http://www.w3.org/1999/xhtml"><bold>Background:</bold> The identity and utility research carries significant role in the modern economics. There are financial outputs, if we can moderate appropriate the student’s and worker’s identities.<bold>Objectives:</bold> The paper examines the possible use of the utility model and theoretical principles of <xref ref-type="bibr" rid="j_bsrj-2018-0011_ref_006_w2aab3b7c10b1b6b1ab1ab6Aa">Akerlof and Kranton (2000</xref>, <xref ref-type="bibr" rid="j_bsrj-2018-0011_ref_007_w2aab3b7c10b1b6b1ab1ab7Aa">2002)</xref> in higher education. The examined aspects are utility, identity and role.<bold>Methods/Approach:</bold> The paper aims at employing the model of Akerlof in higher education and how the terms identity and utility can be interpreted in this environment.<bold>Results:</bold> To sum up, we can say that while case studies and certain experiments seem to justify the model of Akerlof and Kranton, there are few scientific results in higher education to rely on that prove the relationship between identity and utility.<bold>Conclusions:</bold> It can be deduced that the identity of students has some economic impacts. Institutional policy can increase not only the success of its students but also their income through identity changes.</abstract>

Background: The identity and utility research carries significant role in the modern economics. There are financial outputs, if we can moderate appropriate the student’s and worker’s identities.Objectives: The paper examines the possible use of the utility model and theoretical principles of Akerlof and Kranton (2000, 2002) in higher education. The examined aspects are utility, identity and role.Methods/Approach: The paper aims at employing the model of Akerlof in higher education and how the terms identity and utility can be interpreted in this environment.Results: To sum up, we can say that while case studies and certain experiments seem to justify the model of Akerlof and Kranton, there are few scientific results in higher education to rely on that prove the relationship between identity and utility.Conclusions: It can be deduced that the identity of students has some economic impacts. Institutional policy can increase not only the success of its students but also their income through identity changes.

The Possible Use of Akerlof and Kranton’s Utility Model in Higher Education

Business Systems Research Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Possible Use of Akerlof and Kranton\u2019s Utility Model in Higher Education"}

Background: The identity and utility research carries significant role in the modern economics. There are financial outputs, if we can moderate appropriate the...

The Possible Use of Akerlof and Kranton’s Utility Model in Higher Education

Published Online: Apr 25, 2018

Page range: 138 - 150

Received: Dec 15, 2017

Accepted: Mar 05, 2018

DOI: https://doi.org/10.2478/bsrj-2018-0011

Keywords
Education, Well-Being, Innovation

© 2018 Nikolett Mihaly, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Possible Use of Akerlof and Kranton’s Utility Model in Higher Education

Published Online: Apr 25, 2018

Page range: 138 - 150

Received: Dec 15, 2017

Accepted: Mar 05, 2018

DOI: https://doi.org/10.2478/bsrj-2018-0011

KeywordsEducation, Well-Being, Innovation

© 2018 Nikolett Mihaly, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Education, Well-Being, Innovation