What you prefer getting a good job to not getting a good job


Question: You have been accepted to several graduate schools and have narrowed down your choices to two schools. Green University (GU) has offered you a generous funding package but only about 25% of its graduates find good jobs. Blue University (BU) has offered a very minimal funding package but 75% of its graduates find good jobs. Assume that you prefer more funding to less funding and that you prefer getting a good job to not getting a good job. Assign a value of 1 to the best outcome and a value of 0 to the worst outcomes. You may assign values to the other outcomes according to your own preferences.

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