Replication data for: A Structural Analysis of Disappointment Aversion in a Real Effort Competition

Principal Investigator(s):  View help for Principal Investigator(s) David Gill; Victoria Prowse

Version:  View help for Version V1

Name File Type Size Last Modified
  20100346_data 09/14/2021 01:53:PM
LICENSE.txt text/plain 14.6 KB 10/11/2019 12:49:PM

Project Citation: 

Gill, David, and Prowse, Victoria. Replication data for: A Structural Analysis of Disappointment Aversion in a Real Effort Competition. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112499V1

Project Description

Summary:  View help for Summary 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. We predict that a disappointment averse agent, who is loss averse around her endogenous choice-acclimating expectations-based reference point, responds negatively to her rival's effort. We find significant evidence for this discouragement effect, and use the Method of Simulated Moments to estimate the strength of disappointment aversion on average and the heterogeneity in disappointment aversion across the population. (JEL C91, D12, D81, D84)

Scope of Project

JEL Classification:  View help for JEL Classification
      C91 Design of Experiments: Laboratory, Individual
      D12 Consumer Economics: Empirical Analysis
      D81 Criteria for Decision-Making under Risk and Uncertainty
      D84 Expectations; Speculations
Time Period(s):  View help for Time Period(s) 2009 – 2009 (Spring 2009)
Data Type(s):  View help for Data Type(s) experimental data

Methodology

Unit(s) of Observation:  View help for Unit(s) of Observation Individuals,

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Published Versions

V1 [2019-10-11]

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