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Medientyp:
Bericht;
E-Book
Titel:
Beliefs as a Means of Self-Control? Evidence from a Dynamic Student Survey
Beteiligte:
Bönisch, Felix
[Verfasser:in];
König, Tobias
[Verfasser:in];
Schweighofer-Kodritsch, Sebastian
[Verfasser:in];
Weizsäcker, Georg
[Verfasser:in]
Erschienen:
Munich: Center for Economic Studies and ifo Institute (CESifo), 2024
Anmerkungen:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Beschreibung:
We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting self-control, such that believed returns increase as the exam approaches, and drop post-exam. Exploiting variation in exam timing to control for common information shocks, we find this prediction confirmed: average believed study returns increase by about 20% over the period before the exam, and drop by about the same afterwards. Additional analyses further support the hypothesized mechanism that beliefs serve as a means of self-control.