Debt aversion experiment : A replication with sophisticated participants

Yakushiji, Kazunori; Duan, Jieyi; Hanaki, Nobuyuki

Debt aversion experiment : A replication with sophisticated participants

Yakushiji, Kazunori; Duan, Jieyi; Hanaki, Nobuyuki

Institute of Social and Economic Research Discussion Papers, 2024, 1269, 1-50

アクセス数:229件（2025-11-03 22:49 集計）

固定URL: https://hdl.handle.net/11094/98805

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タイトル	Debt aversion experiment : A replication with sophisticated participants
著者	著者名 Yakushiji, Kazunori
	NRID 1000000966608 1000000966608 著者名 Duan, Jieyi
	NRID 1000070400611 1000070400611 ORCID 0000-0003-3127-690X 0000-0003-3127-690X researchmap permalink nhanaki nhanaki Scopus Author ID 16233221700 16233221700 著者名 Hanaki, Nobuyuki
キーワード等	Replication
	Debt Aversion
	Portfolio Allocation
JEL分類コード (JEL)	C91
	D91
	G51
抄録	We conduct a replication experiment, with sophisticated student participants, of the three main treatments of the debt aversion experiment by Martínez-Marquina and Shi (2024). While participants in our experiment have chosen return maximizing strategies much more frequently than those in Martínez-Marquina and Shi (2024), our findings partially corroborate their observations that participants burdened with debt tend to forego, at least initially, the “certain and maximum profit investment opportunity” in favor of prioritizing debt repayment.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1269
ページ	1-50
刊行年月	2024-12
言語	英語
ハンドルURL	https://hdl.handle.net/11094/98805
PISSN	0473453X
eISSN	24350982
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1269.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2024, 1269, p. 1-50
DC.title	Debt aversion experiment : A replication with sophisticated participants
DC.creator	Yakushiji, Kazunori
	Duan, Jieyi
	Hanaki, Nobuyuki
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2024-12
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1269.pdf
DC.subject	Replication
	Debt Aversion
	Portfolio Allocation
DCTERMS.abstract	We conduct a replication experiment, with sophisticated student participants, of the three main treatments of the debt aversion experiment by Martínez-Marquina and Shi (2024). While participants in our experiment have chosen return maximizing strategies much more frequently than those in Martínez-Marquina and Shi (2024), our findings partially corroborate their observations that participants burdened with debt tend to forego, at least initially, the “certain and maximum profit investment opportunity” in favor of prioritizing debt repayment.
DC.format	98805
citation_title	Debt aversion experiment : A replication with sophisticated participants
citation_author	Yakushiji, Kazunori
	Duan, Jieyi
	Hanaki, Nobuyuki
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2024-12
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1269
citation_firstpage	1
citation_lastpage	50
citation_public_url	https://hdl.handle.net/11094/98805
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1269.pdf

Debt aversion experiment : A replication with sophisticated participants

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