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 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.
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Bibliographic InfoPaper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2011-13.
Length: 14 pages
Date of creation: 2011
Date of revision:
loss aversion; framing; field experiments; gender differences;
Other versions of this item:
- MichaÅ‚ Krawczyk, 2012. "To answer or not to answer? A field test of loss aversion," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 29.
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-02 (All new papers)
- NEP-CBE-2011-07-02 (Cognitive & Behavioural Economics)
- NEP-EXP-2011-07-02 (Experimental Economics)
- NEP-UPT-2011-07-02 (Utility Models & Prospect Theory)
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