Titelaufnahme

Titel
Disappointment aversion and social comparisons in a real-effort competition / Simon Gächter (University of Nottingham, CESifo and IZA), Lingbo Huang (Monash University), Martin Sefton (University of Nottingham)
VerfasserGächter, Simon In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Simon Gächter ; Huang, Lingbo In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Lingbo Huang ; Sefton, Martin In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Martin Sefton
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, May 2017
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Elektronische Ressource
Umfang1 Online-Ressource (24 Seiten) : Diagramme
SerieDiscussion paper ; no. 10754
URNurn:nbn:de:hbz:5:2-124406 Persistent Identifier (URN)
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Disappointment aversion and social comparisons in a real-effort competition [0.73 mb]
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Zusammenfassung

We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-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 reflects an asymmetric evaluation of losses and gains we would expect it to survive in our asocial treatment, while if losing to or winning against another person affects the evaluation of losses/gains we would expect treatment differences. We find behavior in social and asocial treatments to be similar, suggesting that social comparisons have little impact in this setting. Unlike in Gill and Prowse we do not find evidence of disappointment aversion.