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The sunk cost fallacy is typically covered in introductory economics courses. It is among the most important biases that influence decision making. Ronayne et al. (2021a,b) find evidence of behavior consistent with the sunk cost effect and utilize eight questions that measure individuals'...
Persistent link: https://www.econbiz.de/10015190185
Many college students experience symptoms of mental health challenges, with depression and anxiety being among the most common. These problems negatively affect academic performance (Brännlund et al. 2017) and overall health (Yang et al. 2024). In the 2021 Healthy Minds Study, 41% of the...
Persistent link: https://www.econbiz.de/10015190208
Analogies can simplify complex new material by relating it to ideas students already know. Making cross-disciplinary connections also makes the material more engaging, accessible and memorable. In this study, we perform a controlled empirical test to examine whether providing cross-discipline...
Persistent link: https://www.econbiz.de/10015411580
provision of structured information on the true state of the academic market and information through role models on non …
Persistent link: https://www.econbiz.de/10012249534
A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but … attending relatively better schools, tend to process new information on their own ability more effectively. …
Persistent link: https://www.econbiz.de/10012167857
information about the location-specific pandemic trends from the effects of the government-imposed social distancing mandates …, retail and recreational activities, etc), while information on country-specific counts of COVID-19 cases and deaths is used … as a proxy for the information about the spread of the pandemic available to the population. A detailed index of …
Persistent link: https://www.econbiz.de/10012296287
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10009534049
School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...
Persistent link: https://www.econbiz.de/10011887083
education ; program evaluation ; entrepreneur competencies ; entrepreneur intentions …
Persistent link: https://www.econbiz.de/10003747661
This paper builds upon the work of McCaffrey (2016) who explores how economics can enhance entrepreneurship education. We extended the work of McCaffrey in two distinct ways. First, we emphasize the economic understanding every private enterprise needs to be successful. Second, we developed...
Persistent link: https://www.econbiz.de/10015190181