Rational students and resit exams
AbstractResit exams–extra opportunities to do an exam in the same academic year–are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam opportunities. Numerical examples for a wide range of plausible parameter values show that a second exam opportunity increases the ultimate passing probability only slightly, but strongly reduces the average total student effort.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 118 (2013)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Frequency of examinations; Education production function; Rationality;
Find related papers by JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Costrell, Robert M, 1994. "A Simple Model of Educational Standards," American Economic Review, American Economic Association, vol. 84(4), pages 956-71, September.
- Maria De Poala & Vincenzo Scoppa, 2010.
"Frequency Of Examinations And Student Achievement In A Randomized Experiment,"
201019, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica).
- De Paola, Maria & Scoppa, Vincenzo, 2011. "Frequency of examinations and student achievement in a randomized experiment," Economics of Education Review, Elsevier, vol. 30(6), pages 1416-1429.
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