Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311684 
Year of Publication: 
2024
Series/Report no.: 
ISER Discussion Paper No. 1269
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
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 strategies much more frequently than those in Martínez-Marquina and Shi (2024), our findings partially corroborate their observations that participants burdened with debt tend to forego, at least initially, the "certain and maximum profit investment opportunity" in favor of prioritizing debt repayment.
Subjects: 
Replication
Debt Aversion
Portfolio Allocation
JEL: 
C91
D91
G51
Document Type: 
Working Paper

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