Willingness to pay and selection into academic outcomes

Last registered on January 25, 2023
View Trial History

Pre-Trial

Trial Information

General Information

Title
Willingness to pay and selection into academic outcomes
RCT ID
AEARCTR-0010788
Initial registration date
January 18, 2023

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
January 23, 2023, 7:13 AM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Last updated
January 25, 2023, 3:05 AM EST

Last updated is the most recent time when changes to the trial's registration were published.

Locations

Country
United States of America
Region

Primary Investigator

Name
Derek Rury
Affiliation
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Alessandro Castegnetti
PI Affiliation
LIUC University
Contact Investigator

Additional Trial Information

Status
In development
Start date
2023-02-16
End date
2023-04-04
Keywords
Education
Additional Keywords
JEL code(s)
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
We plan to administer a survey that elicits students' willingness to pay to learn their performance rank on a midterm. We plan to do this in a large microeconomics course. We then plan to randomly assign students to two conditions; one will receive access to a practice final exam and; another will receive access to the same exam but will be informed they will receive a message indicating where they ranked on the practice final.
External Link(s)

Registration Citation

Citation
Castegnetti, Alessandro and Derek Rury. 2023. "Willingness to pay and selection into academic outcomes." AEA RCT Registry. January 25. https://doi.org/10.1257/rct.10788-1.1
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Students will be randomized into a treatment and control condition. The treatment group will receive access to a practice final exam. The treatment group will receive access to the same practice exam but will be informed that they will receive a message indicating where they ranked amongst all test takers.
Intervention Start Date
2023-02-16
Intervention End Date
2023-04-03

Primary Outcomes

Primary Outcomes (end points)
Whether students took the practice final exam.
Primary Outcomes (explanation)
We expect that students preferences for performance feedback (WTP) will mediate the likelihood of taking the practice final.

Secondary Outcomes

Secondary Outcomes (end points)
Student's WTP for performance feedback.
Secondary Outcomes (explanation)
Similar to our previous experiment, we expect there to be a large variance in students WTP.

Experimental Design

Experimental Design
We first plan to survey students to elicit WTP for performance feedback information. Students will be randomized into a treatment and control condition. The treatment group will receive access to a practice final exam. The treatment group will receive access to the same practice exam but will be informed that they will receive a message indicating where they ranked amongst all test takers. We expect that those with a higher WTP will be more likely to take the practice final.
Experimental Design Details
Randomization Method
STATA randomization
Randomization Unit
Student
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
0
Sample size: planned number of observations
500-1000
Sample size (or number of clusters) by treatment arms
0
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
UC Davis
IRB Approval Date
2023-01-18
IRB Approval Number
1537956-4
Analysis Plan

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials