Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition …-person real-effort competition (Gill and Prowse, 2012). To do this we compare "social" and "asocial" versions of the Gill and … Prowse experiment, where the latter treatment removes the scope for social comparisons. If disappointment aversion simply …