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2019 Conference

May 21–23, 2019

Westin Arlington Gateway, Arlington, VA, USA

Proposal authors can use this tool to see where they have been placed in the agenda for a Symposium, an Oral Session, or a Featured Research Poster Session.

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G2a Anchoring Effects on Student Loan Decisions: Evidence from an Experimental Design

Thursday, May 23, 2019 at 1:00 PM–2:30 PM EDT
F. Scott Fitzgerald B
Key Words

Anchoring effects, student loans, college, behavioral economics

 

Short Description

In the present study, survey participants are asked to provide college attendance loan advice to a randomly assigned experimental scenario. The paper finds that participants are influenced by their own student loan experience (or lack of) to determine if and how much student loans should young adults in the hypothetical scenarios take. The study contributes to our understanding of the decision-making process of taking out student loans while providing evidence of an instance of anchoring effects having potential real life implications.

First & Corresponding Author

Nilton Porto, University of Rhode Island
Authors in the order to be printed

Nilton Porto, Soo Hyun Cho, Michael Gutter

Additional Authors

Michael Gutter, University of Florida
Soo Hyun Cho, California State University
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