Debt aversion experiment: A replication with sophisticated participants

Kazunori Yakushiji, Jieyi Duan and Nobuyuki Hanaki

ISER Discussion Paper from Institute of Social and Economic Research, Osaka University

Abstract: We conduct a replication experiment, with sophisticated student participants, of the three main treatments of the debt aversion experiment by Mart´ınez-Marquina and Shi (2024). While participants in our experiment have chosen return maximizing strategies much more frequently than those in Mart´ınez-Marquina and Shi (2024), our findings partially corroborate their observations that participants burdened with debt tend to forego, at least initially, the “certain and maximum profit investment opportunity” in favor of prioritizing debt repayment.

Date: 2024-12
New Economics Papers: this item is included in nep-exp and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:1269

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