Framing effects on risk-taking behavior: evidence from a field experiment in multiple choice tests
| dc.contributor.author | Balart, Pau | |
| dc.contributor.author | Ezquerra, Lara | |
| dc.contributor.author | Hernández Arenaz, Íñigo | |
| dc.contributor.department | Economía | es_ES |
| dc.contributor.department | Ekonomia | eu |
| dc.date.accessioned | 2022-08-18T12:27:07Z | |
| dc.date.available | 2022-08-18T12:27:07Z | |
| dc.date.issued | 2022 | |
| dc.date.updated | 2022-08-18T11:12:55Z | |
| dc.description.abstract | We exploit testing data to gain better understanding on framing effects on decision-making and performance under risk. In a randomized field experiment, we modified the framing of scoring rules for penalized multiple-choice tests. In penalized multiple-choice tests, right answers are typically framed as gains while wrong answers are framed as losses (Mixed-framing). In the Loss-framing proposed, both non-responses and wrong answers are presented in a loss domain. According to our theoretical model, we expect the change in the framing to decrease students' non-response and to increase students' performance. Under the Loss-framing, students' non-response reduces by a 18%-20%. However, it fails to increase students¿ scores. Indeed, our results support the possibility of impaired performance in the Loss-framing. | en |
| dc.description.sponsorship | Pau Balart and Lara Ezquerra acknowledge financial support from Fundación Ramón Areces through the XVII Concurso Nacional para la Adjudicación de Ayudas a la Investigación en Ciencias Sociales. Iñigo Hernandez-Arenaz acknowledges financial support from Ministerio de Ciencia, Innovación y Universidades (PID2019-108343GA-I00). | en |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.citation | Balart, P.; Ezquerra, L.; Hernandez-Arenaz, I. (2022). Framing effects on risk-taking behavior: evidence from a field experiment in multiple choice tests. Experimental Economics. | en |
| dc.identifier.doi | 10.1007/s10683-022-09748-9 | |
| dc.identifier.issn | 1386-4157 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/43816 | |
| dc.language.iso | eng | en |
| dc.publisher | Sringer | en |
| dc.relation.ispartof | Experimental Economics, 2022. | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-108343GA-I00/ES/ | |
| dc.relation.publisherversion | https://doi.org/10.1007/s10683-022-09748-9 | |
| dc.rights | This article is licensed under a Creative Commons Attribution 4.0 International License | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Framing | en |
| dc.subject | Prospect theory | en |
| dc.subject | Loss-aversion | en |
| dc.subject | Risk-taking | en |
| dc.subject | Test taking | en |
| dc.subject | Non-response | en |
| dc.title | Framing effects on risk-taking behavior: evidence from a field experiment in multiple choice tests | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | aab0568d-212a-46a0-91e9-597326cf5519 | |
| relation.isAuthorOfPublication.latestForDiscovery | aab0568d-212a-46a0-91e9-597326cf5519 |