Behavioural Education Economics

Leaver, S 2016, Behavioural Education Economics, Routledge Handbook of Behavioral Economics, p. 379

15 Pages Posted: 29 Jul 2015 Last revised: 12 Dec 2016

Sean Leaver

RMIT University

Date Written: July 10, 2015

Abstract

The purpose of 'Behavioural education economics' is to understand the psychological factors influencing student performance and educational choices. One of the key insights of behavioural education economics is that educational decision making is characterised by choices which are usually not repeated and rely heavily on heuristics to solve complex choices in the absence of prior learning. At the heart of behavioural education economics is an understanding that academic outcomes are malleable. That investment decisions associated with education are primarily driven by non-cognitive behaviours and cognitive biases that affect participation in education and subsequently motivations to commit resources to these investments and maintain these choices over time. The focus of this paper will be on three key non-cognitive behaviours associated with choices in education that impact the quality of investments in education: self-control, self-efficacy and identity.

Keywords: Behavioral Economics, Education, Choice Mechanics, Causality, Government Policy

JEL Classification: D08, I20

Suggested Citation

Leaver, Sean, Behavioural Education Economics (July 10, 2015). Leaver, S 2016, Behavioural Education Economics, Routledge Handbook of Behavioral Economics, p. 379. Available at SSRN: https://ssrn.com/abstract=2634331

Sean Leaver (Contact Author)

RMIT University ( email )

School of Economics, Finance & Marketing
Melbourne, Victoria 3000
Australia

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