Preprint / Version 1

Behavioral Economics and Education

Exploring Possible Methods by which Heuristics Could Be Used to Improve the Performance of Students in the International Baccalaureate Diploma Program (IBDP)

##article.authors##

  • Arzoo Usgaonkar

Keywords:

Heuristics, IBDP, Education

Abstract

This research report examines the effect of three heuristics – the sta- tus quo effect, the conformity bias, and the present bias – on the per- formance of IB Diploma Program students, globally. It looks at several previously conducted studies and relates their findings to teaching and learning methods of IBDP teachers and students, respectively. The pa- per considers several, possibly unnoticeable, short-comings of the current education system, explains how heuristics may be employed to improve the formal education system, and proposes feasible and practical policy changes by which heuristics could be used to benefit student learning and performance.

References or Bibliography

Ariely, Dan. Predictably Irrational: the Hidden Forces That Shape Our Deci- sions. Harper Perennial, 2010.

Bisin, Alberto, and Kyle Hyndman. “Present-Bias, Procrastination and Deadlines in a Field Experiment.” 2014, doi:10.3386/w19874.

Franzoni, Ana Lidia, et al. “Student Learning Styles Adaptation Method

Based on Teaching Strategies and Electronic Media.” 2008 Eighth IEEE Interna-

tional Conference on Advanced Learning Technologies, 2008, doi:10.1109/icalt.2008.149.

Ford, N., and Chen, S. (2001). Matching/mismatching revisited: an em- pirical study of learning and teaching styles. British Journal of Educational Technology, 32 (1), 5-22.

Kahneman, D. (2003). Maps of bounded rationality: Psychology for be- havioural economics. The American Economic Review, 93, 1449-1475.

Kahneman, D., and Tversky, A. (1982). The psychology of preference. Sci- entific American, 246, 160-173.

O’Donoghue, T., and Rabin, M. (1999). Doing it now or later. American Economic Review, 89(1), 103-124.

Rose, C. (1998). Accelerated Learning, New York: Bantam Dell Publishing Group.

Samuelson, W., and Zeckhauser, R. J. (1988). Status quo bias in decision making. Journal of Risk and Uncertainty, 1, 7-59.

Thaler, Richard H., and Cass R. Sunstein. Nudge: Improving Decisions about Health, Wealth, and Happiness. Yale University Press, 2008.

Students studying at their desks.

Downloads

Posted

02-26-2021