Seminar: Tuition Fees and sunk-cost effects
Tuesday March 31st, Nadine Ketel (VU) will present "Tuition Fees and sunk-cost effects".
Time: 13.00-14.00 hours
Location: CPB-office, Van Stolkweg 14, The Hague
Presentation: Nadine Ketel (VU)
Discussant: Sonny Kuijpers (CPB)
Registration: Please register by sending an email to email@example.com.
This paper reports on a field experiment testing for sunk-cost effects in an education setting. Students signing up for extra-curricular tutorial sessions randomly received a discount on the tuition fee. The sunk-cost effect predicts that students who receive larger discounts will attend fewer tutorial sessions. For the full sample, we find little support for this hypothesis, but we find a significant effect of sunk costs on attendance for the 45% of students in our sample who are categorized as sunk-cost prone based on hypothetical survey questions. For them higher tuition fees can serve as a commitment device to attend classes.
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