Rational students and resit exams

Peter Kooreman

Economics Letters, 2013, vol. 118, issue 1, 213-215

Abstract: Resit exams–extra opportunities to do an exam in the same academic year–are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam opportunities. Numerical examples for a wide range of plausible parameter values show that a second exam opportunity increases the ultimate passing probability only slightly, but strongly reduces the average total student effort.

Keywords: Frequency of examinations; Education production function; Rationality (search for similar items in EconPapers)
JEL-codes: D01 I21 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:1:p:213-215

DOI: 10.1016/j.econlet.2012.10.015

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