Abstract
This study tests whether providing students with information about how others with similar midterm grades performed after setting different types of goals helps them set more effective and realistic goals. During the experiment, students enrolled in an undergraduate microeconomics course are asked to set a target grade for their final exam. Before doing so, some students receive a table showing how previous students with similar midterm grades performed depending on the size of the goal they set (no goal, small, moderate, or high). We examine whether this “outside view” information influences goal choice, study effort, and final exam performance compared to students who receive no information. The findings will shed light on whether third-party performance information can improve goal calibration and academic outcomes.