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This study replicates and extends previous findings using an intensive longitudinal design in an introductory statistics course, measuring expectancy, value, and cost beliefs 10 times to explore overall trajectories, within-and between-student variability, their relations with performance, and student demographics. The study assesses whether patterns observed at a predominantly White/Asian institution hold true at Hispanic-Serving Institutions, addressing the need for further research on situational motivation across varied contexts and populations. We found substantial within-person variability in all motivational beliefs, predicting variability in performance. However, results on the moderating role of demographic variables were mixed, not replicating research at predominantly White/Asian institutions. Further research is needed on contextual factors affecting motivation and academic outcomes for different demographic groups.