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To answer or not to answer? A field test of loss aversion

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  • Michal Krawczyk

Abstract

This study is a field experiment on loss aversion. The framing of scoring rules was differentiated in two exams 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.

Suggested Citation

  • Michal Krawczyk, 2011. "To answer or not to answer? A field test of loss aversion," Framed Field Experiments 00695, The Field Experiments Website.
    • Handle: RePEc:feb:framed:00695
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    Cited by:

    1. Steven D. Levitt & John A. List & Susanne Neckermann & Sally Sadoff, 2016. "The Behavioralist Goes to School: Leveraging Behavioral Economics to Improve Educational Performance," American Economic Journal: Economic Policy, American Economic Association, vol. 8(4), pages 183-219, November.
    2. Hayk Amirkhanyan & Michał Wiktor Krawczyk & Maciej Wilamowski, 2021. "Gender inequality and national gender gaps in overconfidence," PLOS ONE, Public Library of Science, vol. 16(4), pages 1-13, April.

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