Field Experiments in Behavioral Economics of Education PDF Download

Author: Valentin Wagner
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Abhijit Vinayak Banerjee
Publisher:
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Category :
Languages : en
Pages : 0

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Author: Uri Gneezy
Publisher: PublicAffairs
ISBN: 1610393120
Category : Business & Economics
Languages : en
Pages : 290

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Can economics be passionate? Can it center on people and what really matters to them day-in and day-out. And help us understand their hidden motives for why they do what they do in everyday life? Uri Gneezy and John List are revolutionaries. Their ideas and methods for revealing what really works in addressing big social, business, and economic problems gives us new understanding of the motives underlying human behavior. We can then structure incentives that can get people to move mountains, change their behavior -- or at least get a better deal. But finding the right incentive can be like looking for a needle in a haystack. Gneezy and List's pioneering approach is to embed themselves in the factories, schools, communities, and offices where people work, live, and play. Then, through large-scale field experiments conducted "in the wild," Gneezy and List observe people in their natural environments without them being aware that they are observed. Their randomized experiments have revealed ways to close the gap between rich and poor students; to stop the violence plaguing inner-city schools; to decipher whether women are really less competitive than men; to correctly price products and services; and to discover the real reasons why people discriminate. To get the answers, Gneezy and List boarded planes, helicopters, trains, and automobiles to embark on journeys from the foothills of Kilimanjaro to California wineries; from sultry northern India to the chilly streets of Chicago; from the playgrounds of schools in Israel to the boardrooms of some of the world's largest corporations. In The Why Axis, they take us along for the ride, and through engaging and colorful stories, present lessons with big payoffs. Their revelatory, startling, and urgent discoveries about how incentives really work are both revolutionary and immensely practical. This research will change both the way we think about and take action on big and little problems. Instead of relying on assumptions, we can find out, through evidence, what really works. Anyone working in business, politics, education, or philanthropy can use the approach Gneezy and List describe in The Why Axis to reach a deeper, nuanced understanding of human behavior, and a better understanding of what motivates people and why.

Author: John A. List
Publisher: Edward Elgar Publishing
ISBN: 9781781952245
Category : Economic theory. Demography
Languages : en
Pages : 0

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This research review discusses the most critical and influential articles that utilise field experimentation to answer questions of economic importance. Field experiments have gained popularity in recent years, allowing researchers to infer causal effects of different market environments, policies and interventions. The articles analysed here provide insights into market functioning and individual and group decision-making across a wide range of domains, including marketplace transactions, labor decisions, charitable giving, financial planning, and education and health-related decision-making. This research review will be an important resource for students new to the methodology and applications of field experiments and academics alike.

Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 42

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A long line of research on behavioral economics has established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little impact on the way the educational system operates. Through a series of field experiments involving thousands of primary and secondary school students, we demonstrate the power of behavioral economics to influence educational performance. Several insights emerge. First, we find that incentives framed as losses have more robust effects than comparable incentives framed as gains. Second, we find that non-financial incentives are considerably more cost-effective than financial incentives for younger students, but were not effective with older students. Finally, and perhaps most importantly, consistent with hyperbolic discounting, all motivating power of the incentives vanishes when rewards are handed out with a delay. Since the rewards to educational investment virtually always come with a delay, our results suggest that the current set of incentives may lead to underinvestment. For policymakers, our findings imply that in the absence of immediate incentives, many students put forth low effort on standardized tests, which may create biases in measures of student ability, teacher value added, school quality, and achievement gaps.

Author: Alison L. Booth
Publisher:
ISBN:
Category : Pay equity
Languages : en
Pages : 0

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In almost all European Union countries, the gender wage gap is increasing across the wages distribution. In this lecture I briefly survey some recent studies aiming to explain why apparently identical women and men receive such different returns and focus especially on those incorporating pyschological factors as an explanation of the gender gap. Research areas with high potential returns to further analysis are identified. Several examples from my own recent experimental work with Patrick Nolen are also presented. These try to distinguish between the role of nature and nurture in affecting behavioural differences between men and women that might lead to gender wage gaps.

Author: Gary Charness
Publisher: Routledge
ISBN: 1000423026
Category : Business & Economics
Languages : en
Pages : 266

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Applying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole. Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review – some by Nobel prize-winning economists – run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes the case for why that paper is one of the top 20 in the field, discusses the use made of the experimental method, and considers related work to provide context for each paper. These reviews quickly expose readers to the breadth of application possibilities and the methodological issues, leaving them with a firm understanding of the legacy of the papers’ contributions. This text provides a survey of some of the very best research in experimental and behavioral economics and is a valuable resource for scholars and economics instructors, students seeking to develop capability in applying experimental methods, and economics researchers who wish to further explore the experimental approach.

Author:
Publisher:
ISBN: 9789178955251
Category : Economics
Languages : en
Pages :

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This thesis uses field experiments, lab experiments, and theory to study questions that are relevant to the fields of education and behavioral economics.??The first paper, Threshold Incentives and Academic Performance, begins with the observation that students often face incentives to reach performance thresholds. To study how these incentives affect their performance, Erik Wengström and I conduct a field experiment in which we incentivize students with €300 to reach a certain GPA. We find that, when the incentives are in place, only students just below the threshold improve their performance. However, when we remove the incentives, incentivized students enroll in fewer courses and pass fewer courses. The reason is that treated students who fail to reach the threshold lose confidence in their academic ability. Our results suggest that the current threshold incentives that are in place in education might reduce the performance of students who fail to reach them.??The second paper, Helping Behavior and Group Size, studies people's helping behavior when they are in groups with others. A large literature in psychology shows that people are less likely to help others when they are in a group than when they are alone, a phenomenon called the Bystander Effect. This paper studies whether people are less likely to help in groups because they hope that others help instead. In an experiment where a person in need loses money over time until one bystander pays a cost to help her, I find evidence supporting this hypothesis.??The third paper, The Group Bystander Effect, investigates whether groups of one person or several people are more likely to implement a morally desirable outcome (such as, for example, helping a person in need). I formulate and test a model in which a moral outcome is implemented as long as at least one agent takes a costly action. I show that 1) if most people are moral, the moral outcome is more likely to be implemented by one person alone, whereas 2) if most people are immoral, the moral outcome is more likely to be implemented by a group. I discuss that this simple rule may be applied to better design organizations and institutions.

Author: Colin F. Camerer
Publisher: Princeton University Press
ISBN: 1400829119
Category : Business & Economics
Languages : en
Pages : 769

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Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

Author: Eric A. Hanushek
Publisher: Elsevier
ISBN: 0444634673
Category : Education
Languages : en
Pages : 781

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The volume of research into the economics of education has grown rapidly in recent years. In this comprehensive new Handbook, editors Eric Hanushek, Stephen Machin, and Ludger Woessmann assemble original contributions from leading researchers, addressing contemporary advances in the field. Each chapter illuminates major methodological and theoretical developments and directs the reader to productive new lines of research. As a result, these concise overviews of the existing literature offer an essential ‘jumpstart’ for both students and researchers alike. Demonstrates how new methodologies are yielding fresh perspectives in education economics Uses rich data to study issues of high contemporary policy relevance Explores innovations in higher education, competition, and the uses of technology