探花视频

YouthSight shows how to tap irrational postgrad decision-making

Firm looks at potential for using behavioural economics in student recruitment

Published on
November 28, 2013
Last updated
May 27, 2015

Universities are being offered research on how to use the irrational side of student decision-making to attract more taught postgraduates.

A report by market research firm YouthSight seeks to use insights from behavioural economics to understand taught postgraduate choices.

YouthSight has not released the full report, PGT+BE: Using Behavioural Economics (BE) to Understand How Students Really Make Their Taught Postgraduate (PGT) Decisions, to 探花视频, citing concerns that doing so would undermine its value to potential buyers (it costs 拢3,900 to purchase).

But in promotional material, it describes how PGT+BE outlines the extent to which students 鈥渞ely on emotions, rules of thumb鈥nd the need to 鈥榩lay it safe鈥欌夆 鈥 and how universities can best communicate their courses in this light.

探花视频

ADVERTISEMENT

Presenting the research鈥檚 initial findings at a conference in August, Ben Marks, managing director of YouthSight, said that it would consider the reasons for applicant decisions that students were 鈥渘ot so comfortable鈥eclaring鈥.

Addressing delegates at the Council for Advancement and Support of Education annual conference, held in Manchester, he cited the 鈥渋mportant effect鈥 of the prevailing weather on university open days as an example of irrational student decision-making.

探花视频

ADVERTISEMENT

鈥淲hat clever things can you do to mitigate against bad weather on open days?鈥 he asked delegates.

Behavioural economics stressed the importance of 鈥渕inimising cognitive effort鈥 on the part of decision-makers, an 鈥渋mportant鈥 principle for universities, he explained.

Mr Marks told THE that the final聽report, released last month, 鈥渋ncluded a few exercises inspired by behavioural economics (which posits the idea that many of our choices are less rational than we sometimes assume)鈥.

One part looks at how quickly participants respond when asked why they are considering postgraduate courses. The quicker the response, the more intuitive the motive, allowing universities greater insight into which reasons students had to rationalise most.

探花视频

ADVERTISEMENT

鈥淚t strikes me that doing this at the aggregate level is perfectly ethical,鈥 he argued.

He stressed that the YouthSight presentation in August had been made before the research fieldwork had begun.

The report contains suggestions that are 鈥渇airly broad鈥 and related to 鈥渢ailoring [a] message to particular groups鈥, he added.

Rachel Wenstone, vice-president for higher education at the National Union of Students, said that the 鈥渋nsights of behavioural choice鈥on鈥檛 give universities carte blanche to manipulate student choice鈥, although she added that there was no evidence they were doing so.

探花视频

ADVERTISEMENT

Another snippet from the study, released on the YouthSight website, is that students expect to pay 75聽per cent more for taught postgraduate courses at a 鈥渉igh-ranked鈥 university than a 鈥渓ow-ranked鈥 one, a much greater difference than the reality.

鈥淭here could be a compelling argument to review鈥ee levels at some universities,鈥 it says.

探花视频

ADVERTISEMENT

The study also identifies a broad range of prices, between 拢4,000 and 拢8,000, where 鈥渃hanging the fees could鈥nd up having little impact on demand鈥.

david.matthews@tsleducation.com

Register to continue

Why register?

  • Registration is free and only takes a moment
  • Once registered, you can read 3 articles a month
  • Sign up for our newsletter
Please
or
to read this article.

Sponsored

Featured jobs

See all jobs
ADVERTISEMENT