Gill, David; Prowse, Victoria - Economics Group, Nuffield College, Department of Economics - 2011
whether agents are disappointment averse when they compete in a real effort sequential-move tournament. We predict that a … disappointment averse agent, who is loss averse around her endogenous choice-acclimating expectations-based reference point, responds … Moments to estimate the strength of disappointment aversion on average and the heterogeneity in disappointment aversion across …