publication . Article . 2013

Testing prospect theory in students’ performance

Pérez Galdón, Patricia; Nicolau, Juan Luis;
Open Access English
  • Published: 01 Jan 2013
  • Publisher: España. Ministerio de Educación, Cultura y Deporte. Secretaría General Técnica
  • Country: Spain
Abstract
This paper tests the existence of ‘reference dependence’ and ‘loss aversion’ in students’ academic performance. Accordingly, achieving a worse than expected academic performance would have a much stronger effect on students’ (dis)satisfaction than obtaining a better than expected grade. Although loss aversion is a well-established finding, some authors have demonstrated that it can be moderated – diminished, to be precise–. Within this line of research, we also examine whether the students’ emotional response (satisfaction/dissatisfaction) to their performance can be moderated by different musical stimuli. We design an experiment through which we test loss avers...
Subjects
free text keywords: Prospect theory, Reference dependence, Loss aversion, Academic performance, Musical stimuli, Teoría de las perspectivas, Puntos de referencia, Aversión a la pérdida, Rendimiento académico, Estímulos musicales, Comercialización e Investigación de Mercados
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