A structural analysis of disappointment aversion in a real effort competition

We develop a novel computerized real effort task, based on moving sliders across a screen, to test experimentally whether agents are disappointment averse when they compete in a real effort sequential-move tournament. Our theory predicts that a disappointment averse agent, who is loss averse around...

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Autori principali: Prowse, V, Gill, D
Natura: Working paper
Pubblicazione: University of Oxford 2009