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
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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:
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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:
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C91 Design of Experiments: Laboratory, Individual
D12 Consumer Economics: Empirical Analysis
D81 Criteria for Decision-Making under Risk and Uncertainty
D84 Expectations; Speculations
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):
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2009 – 2009 (Spring 2009)
Data Type(s):
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experimental data
Methodology
Unit(s) of Observation:
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Individuals,
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