Konferenzbeitrag

Seeking Risk or Answering Smart? Experimental Evidence on Framing Effects in Elementary Schools

Losses are painful but how painful are negative outcomes? This paper presents results of a field experiment among 1377 elementary pupils on the effectiveness of loss framing and avoiding negative outcomes on pupils test performance. I compare answers of pupils in a multiple-choice test in math who are endowed with 0 points and earning points is framed as a gain (Control Group) to pupils who are endowed with the maximum number of points but earning points is framed as a loss (Loss Treatment). In a second treatment arm (Negative Treatment) earning points is again framed as a gain but pupils are endowed with a negative amount of points. However, pupils in this treatment could achieve a positive outcome by earning at least half of the points. I find that, on average, the number of correctly solved questions increases significantly in both treatments (Loss and Negative). The multiple-choice testing format allows to identify the underlying channels of improvements. While pupils in the Loss Treatment significantly seem to seek more risk---answer more multiple-choice questions---pupils in the Negative Treatment significantly answer more accurately---increase the share of correctly answered questions. Nevertheless, the Negative Treatment is preferable to the Loss Treatment as both treatments indeed significantly increase performance of high-ability pupils but low-ability pupils significantly perform worse under a loss frame.

Language
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Behavioral Decision Making: Experiments ; No. B05-V1

Classification
Wirtschaft
Field Experiments
Education and Research Institutions: General
Information, Knowledge, and Uncertainty: General

Event
Geistige Schöpfung
(who)
Wagner, Valentin
Event
Veröffentlichung
(who)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel und Hamburg
(when)
2016

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Wagner, Valentin
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2016

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