Effects of Peers and Rank on Cognition, Preferences, and Personality

Utteeyo Dasgupta, Subha Mani, Smriti Sharma and Saurabh Singhal

The Review of Economics and Statistics, 2022, vol. 104, issue 3, 587-601

Abstract: We exploit the variation in admission cutoffs across colleges at a leading Indian university to estimate the causal effects of enrolling in a selective college on cognitive attainment, economic preferences, and Big Five personality traits. Using a regression discontinuity design, we find that enrolling in a selective college improves university exam scores of the marginally admitted women and makes them less overconfident and less risk averse, while men in selective colleges experience a decline in extraversion and conscientiousness. We find differences in peer quality and rank concerns to be driving our findings.

Date: 2022
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Working Paper: Effects of Peers and Rank on Cognition, Preferences, and Personality (2020)
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