Different notions of disappointment aversion

Simon Grant; Atsushi Kajii; Ben Polak

doi:10.1016/S0165-1765(00)00363-3

Different notions of disappointment aversion

Simon Grant^*, Atsushi Kajii, Ben Polak

^*Corresponding author for this work

Research output: Contribution to journal › Comment/debate › peer-review

13 Citations (Scopus)

Abstract

We discuss three notions of disappointment aversion, due to Gul [1991, Econometrica 59, 667-686], Grant and Kajii [1998, Journal of Economic Behavior and Organization 37, 277-290] and Skiadas [1997, Journal of Economic Theory 76, 242-271; 1997, Econometrica 65, 347-367], explaining how they differ. In the case of Gul and Skiadas we illustrate this difference by means of an example.

Original language	English
Pages (from-to)	203-208
Number of pages	6
Journal	Economics Letters
Volume	70
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(00)00363-3
Publication status	Published - Feb 2001
Externally published	Yes

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title = "Different notions of disappointment aversion",

abstract = "We discuss three notions of disappointment aversion, due to Gul [1991, Econometrica 59, 667-686], Grant and Kajii [1998, Journal of Economic Behavior and Organization 37, 277-290] and Skiadas [1997, Journal of Economic Theory 76, 242-271; 1997, Econometrica 65, 347-367], explaining how they differ. In the case of Gul and Skiadas we illustrate this difference by means of an example.",

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AB - We discuss three notions of disappointment aversion, due to Gul [1991, Econometrica 59, 667-686], Grant and Kajii [1998, Journal of Economic Behavior and Organization 37, 277-290] and Skiadas [1997, Journal of Economic Theory 76, 242-271; 1997, Econometrica 65, 347-367], explaining how they differ. In the case of Gul and Skiadas we illustrate this difference by means of an example.

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KW - Disappointment aversion

KW - Non-expected utility

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Different notions of disappointment aversion

Abstract

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