The causal impact of economics education on decision-making: Evidence from a natural experiment in China

被引：0
|
作者：
Chen, Binkai [1 ]
Lin, Wei [2 ]
Wang, Ao [3 ]
机构：
[1] Cent Univ Finance & Econ, Sch Econ, Beijing, Peoples R China
[2] Univ Calif Berkeley, Dept Agr & Resource Econ, Berkeley, CA 94720 USA
[3] Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2021年 / 188卷
基金：
中国国家自然科学基金;
关键词：
Decision-making; College majors; Preferences; SCHOOL CHOICE REFORMS; COLLEGE ADMISSIONS; BIASES; GAMES;
D O I：
10.1016/j.jebo.2021.06.018
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the causal impact of collegiate economics courses on students' decision making. By exploiting a Chinese college-admission system that quasi-randomly assigns students to economics/business majors given students' preferences and the College Entrance Exam's cutoff scores for economics/business majors, we are able to isolate the treatment effects of an economics education on students' responses to a decision-making survey. Specifically, we compare the survey responses of students who narrowly meet the cutoffs for the economics/business majors to those who do not and find that students educated in economics/business courses are more likely to be risk neutral and less prone to common biases in probabilistic beliefs. While students in economics/business majors do not show significant changes in social preferences, they appear more inclined to believe that others behave selfishly. (c) 2021 Elsevier B.V. All rights reserved.
引用
收藏
页码：1124 / 1143
页数：20
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