TY  - RPRT
        AU  - Kooreman, Peter
        TI  - Rational Students and Resit Exams
        PY  - 2012/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6832
        UR  - https://www.iza.org/index.php/publications/dp6832
        AB  - 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 average total student effort.
        KW  - education production function
KW  - frequency of examinations
KW  - rationality
        ER  -