This theory affirms that education is a sequence of selection between binary options of available long-term utility and short-term risk of failure.

Correct option is A

Rational Choice Theory suggests that individuals make decisions by weighing the potential benefits (long-term utility) against the risks (short-term failure). In the context of education, this theory views learners as rational agents who make educational choices based on the perceived value of future rewards versus immediate risks.

Information Booster:

• Rational Choice Theory posits that individuals make decisions by weighing the potential costs and benefits of various options to maximize their overall benefits and minimize risks.
• In the context of education, this involves considering the long-term utility (benefits such as better job prospects and higher earnings) against the short-term risk of failure (costs like tuition, time, and potential dropout).
• The theory views the decision-making process in education as a sequence of selections between binary options (e.g., continue education or enter the workforce, choose one course of study over another).

Additional Knowledge:

• Systems Analysis Theory focuses on the interactions and components within an overall system rather than individual decision-making processes regarding education.
• Signalling Theory explains how educational qualifications act as signals to employers about an individual's inherent abilities or traits, but it does not specifically focus on the individual's binary decision-making process based on utility and risk as described in the question.
• Human Capital Theory emphasizes education as an investment to improve individual productivity and economic outcomes. While related, it does not specifically detail the sequence of binary choices and the explicit weighing of long-term utility versus short-term risk of failure in the same way as Rational Choice Theory.