Georgalos, Konstantinos; Payá, Ivan; Peel, David - In: Journal of economic behavior & organization 224 (2024), pp. 749-770
This paper examines the predictions of expectations-based reference-dependent models for risk-apportionment tasks that elicit higher-order risk attitudes. We consider some of the most commonly used specifications of Kőszegi and Rabin (2006, 2007) and disappointment aversion models. Our analysis...
