Experimental Design to Understand the Student Loan Decision: A Methodological Note

Authors

Soo Hyun Cho, South Dakota State University
Travis P. Mountain, Virginia Polytechnic Institute and State University
Nilton Porto, University of Rhode Island
D. Elizabeth Kiss, Kansas State University
Michael S. Gutter, University of Florida
Tim Griesdorn, University of the Incarnate Word

Document Type

Article

Date of Original Version

9-1-2016

Abstract

The purpose of this study was to introduce a relatively new methodology of combining experimental design and survey data in the context of personal financial decision making. The NC2172 research team collected data online while manipulating framing effects, aspirations, and gender on hypothetical student loan decisions. The paper describes the development of the experimental conditions, demonstrates the effectiveness of the manipulations, and explains the importance and structure of random assignment of respondents across conditions. It seeks to guide future attempts utilizing experimentally designed online surveys by providing potential benefits and challenges.

Publication Title, e.g., Journal

Family and Consumer Sciences Research Journal

Volume

45

Issue

1

Citation/Publisher Attribution

Cho, Soo Hyun, Travis P. Mountain, Nilton Porto, D. E. Kiss, Michael S. Gutter, and Tim Griesdorn. "Experimental Design to Understand the Student Loan Decision: A Methodological Note." Family and Consumer Sciences Research Journal 45, 1 (2016): 65-76. doi: 10.1111/fcsr.12186.