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

Author

Listed:
  • Michał Krawczyk

Abstract

This 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.

Suggested Citation

  • Michał 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.
  • Handle: RePEc:eko:ekoeko:29_106
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/339
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    References listed on IDEAS

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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.

    More about this item

    Keywords

    loss aversion; framing; field experiments; gender differences;

    JEL classification:

    • 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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