Inquiring about Loss Aversion of Achievement Value
Abstract
:1. Introduction
Purposes
- (1)
- to clarify if students are more sensitive to changes than to a certain final state (H1, H2, and H3 are related to this purpose);
- (2)
- to examine how averse students are to intrapersonal and interpersonal losses (H4, H5, and H6 are related to this purpose).
2. Methodology
2.1. Participants
2.2. Measures and Procedure
Average points on class quizzes: 80 points on subject A
Midterm points: 85 points on subject A
Average points on class quizzes: 80 points on subject A, 85 points on subject B
Midterm points: 85 points on subject A, 80 points on subject B
Average points on class quizzes: 85 points
Midterm points: 80 points
Class average points on midterm: 75 points (for the third)/70 points (for the fourth)
- (1)
- H1 could be supported if there were differences in levels of satisfaction among the four questions, which would demonstrate that students were more sensitive to changes than a certain final state.
- (2)
- The mean for question 2 was significantly higher than it was for question 1, which could offer supporting evidence for H2.
- (3)
- The mean for question 3 and 4 was significantly higher than it was for questions 2 and 3, which could offer supporting evidence for H3.
Midterm expected points: 92 points in subject A, 82 in subject B
Midterm actual points: 87 points in subject A, ____ n subject B
Midterm expected points: 82 points in subject A, 82 in subject B
Midterm actual points: 87 points in subject A (class average was 92 points) ____ in subject B
2.3. Data Analysis
3. Results
3.1. Sensitivity to Changes in Points
3.2. Aversion to Intrapersonal and Interpersonal Losses
4. Discussion and Implications
5. Conclusions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
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Conditions and Goals | M(SD) | 1 | 2 | 3 | 4 |
---|---|---|---|---|---|
| 3.39(1.02) | — | |||
| 2.61(0.77) | 0.61 ** | — | ||
| 3.10(0.86) | 0.64 ** | 0.47 ** | - | |
| 3.93(0.88) | 0.48 ** | 0.25 | 0.74 ** | — |
Measure | Loss Aversion Ratio | F(1, 70) | f2 | |
---|---|---|---|---|
M | SD | |||
| 0.31 | 0.84 | 45.16 *** | 0.64 |
| 1.76 | 0.99 |
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Wu, C.-C. Inquiring about Loss Aversion of Achievement Value. Behav. Sci. 2023, 13, 400. https://doi.org/10.3390/bs13050400
Wu C-C. Inquiring about Loss Aversion of Achievement Value. Behavioral Sciences. 2023; 13(5):400. https://doi.org/10.3390/bs13050400
Chicago/Turabian StyleWu, Chung-Chin. 2023. "Inquiring about Loss Aversion of Achievement Value" Behavioral Sciences 13, no. 5: 400. https://doi.org/10.3390/bs13050400