Author/Authors :
Grant، Simon نويسنده , , Kajii، Atsushi نويسنده , , Polak، Ben نويسنده ,
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, 277290] 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.
