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Rational students and resit exams

Kooreman,P.
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.
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2013
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Tilburg University Research Output Collection
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Kooreman, P 2013, 'Rational students and resit exams', Economics Letters, vol. 118, no. 1, pp. 213-215. https://doi.org/10.1016/j.econlet.2012.10.015
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https://hdl.handle.net/20.500.14602/59237
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