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Learning to win by fearing to lose: The surprising power of loss aversion in education – Ertl Antal, Holb Éva és Bakó Barna cikke

 

Learning to win by fearing to lose:
The surprising power of loss aversion in education

Journal of Economic Behavior & Organization – Volume 246, June 2026,
Available online 26 April 2026
 

Abstract

 

This study investigates the impact of loss-aversion framing on student performance in a higher education context through a field experiment. Participants were assigned to three treatment groups: traditional gain-framed scoring, loss-framed scoring, and a hybrid approach combining both. The findings suggest that loss-framing consistently improves academic performance throughout the semester and on final assessments. Furthermore, the effect of loss-framing does not diminish over time. The study also finds no evidence of heterogeneous impacts based on gender or academic ability, indicating that this approach offers a practical and effective method for improving educational outcomes.

 

 

JEL classification: C80, C90, D91

Keywords: Loss-aversion, Framing effect, Field experiment, Education economics

Full text /PDF/

 

 

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