To answer or not to answer? A field test of loss aversion
AbstractThis study is a field experiment on loss aversion. The framing of scoring rules was differentiated in an exam at the University of Warsaw, with only half the students facing explicit penalty points in the case of giving an incorrect answer. Loss aversion predicts that less risk will be taken (less questions will be answered) when losses are possible but in fact, no treatment effect was observed.
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Bibliographic InfoArticle provided by Faculty of Economic Sciences, University of Warsaw in its journal Ekonomia journal.
Volume (Year): 29 (2012)
Issue (Month): ()
Other versions of this item:
- Michał Krawczyk, 2011. "To answer or not to answer? A field test of loss aversion," Working Papers 2011-13, Faculty of Economic Sciences, University of Warsaw.
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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