Details

Abstract / Summary

By Belayet Hossain and Panagiotis Tsigaris. This study examines how grade expectations are formed by two groups of students as they progressively attempt to forecast their final grade. Students who do not make significant forecast errors during the term are classified as “good” forecasters. The other group contains students who are “poor” forecasters of their final grade. Both groups initially are overconfident and overestimate their final grade. However, as more information becomes available about their actual performance, overconfidence falls. It is found that both groups of students initially put more weight on their initial beliefs than on their objective expectations. Students use adaptive expectation as a mechanism to form these beliefs. They adapt to previous forecast errors, gradually adjusting their expectations. The poor forecasters continue to display adaptive expectations even after writing the final exam, but prior to receiving their final grade. They continue to anchor their beliefs in their initial expectations even after writing the final exam. On the other hand, the good forecasters eventually move from adaptive to rationally formed expectations.

Field of Interest

Travel

Copyright Message

Copyright © 2015 NeilsonJournals Publishing

Content Type

Periodical article

Duration

0 sec

Format

Text

Page Count

20

Publication Year

2015

Publisher

Neilson Journals Publishing

Place Published / Released

Edinburgh, Scotland

Source Title

Journal of International Business Education, Vol. 10, 2015, pp. 117-136

Subject

Travel, Business & Economics, Personal Interest, Social Sciences, International Travel, Colleges, Universities, and Professional Schools, Viajes Internacionales, Viagem Internacional

Keywords and Translated Subjects

Viajes Internacionales, Viagem Internacional