Student performance and loss aversion*
将多选题考试表现与课堂实验中的风险偏好数据匹配，发现损失厌恶程度更高的学生更少作答，且在答错扣分时成绩更差，表明实验中的损失厌恶参数能预测真实决策。
Abstract We match data on performance in a multiple‐choice examination with data on risk preferences from a classroom experiment. Students who are more loss averse leave more questions unanswered and perform worse in the exam when an incorrect answer is penalized compared with no answer. Thus, loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a field environment of decision‐making under uncertainty. Furthermore, the degree of loss aversion appears to be persistent over time, as the experiment was conducted three months prior to the exam. Important differences across genders are partly explained by differences in loss aversion.