Yakushiji, Kazunori; Duan, Jieyi; Hanaki, Nobuyuki - 2024
We conduct a replication experiment, with sophisticated student participants, of the three main treatments of the debt … aversion experiment by Martínez-Marquina and Shi (2024). While participants in our experiment have chosen return maximizing … observations that participants burdened with debt tend to forego, at least initially, the "certain and maximum profit investment …