Rational students and resit exams

P. Kooreman

Research output: Contribution to journalArticleScientificpeer-review

4 Citations (Scopus)

Abstract

Resit exams–extra opportunities to do an exam in the same academic year–are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam opportunities. Numerical examples for a wide range of plausible parameter values show that a second exam opportunity increases the ultimate passing probability only slightly, but strongly reduces the average total student effort.
Original languageEnglish
Pages (from-to)213-215
JournalEconomics Letters
Volume118
Issue number1
DOIs
Publication statusPublished - 2013

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