This paper documents the relation between performance and effort by students in an introductory financial management course. Unlike the handful of previous studies that rely on self-reported data, we use objectively measured data on effort. We measure effort by the number of attempts made and...

Based on the pioneering work of Smith, Suchanek, & Williams (1988) experimental researchers have concluded that assets markets are prone to bubbles and crashes in experimental settings. Numerous authors employing the SSW framework have incorporated features designed to reduce or eliminate the...