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Investment in education under disappointment aversion

Dan Anderberg/Claudia Cerrone

This paper develops a model of risky investment in education under disappointment aversion, modelled as loss aversion around one's endogenous expectation. The model shows that disappointment aversion reduces the optimal investment in education for lower ability people and increases it for highe...

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Bibliographic details
Main Author: Anderberg, Dan
Cerrone, Claudia
Format: eBook
Language: English
Ort : Verlag : ErscheinungsdatumBonn : Max Planck Institute for Research on Collective Goods : November 2016
Extent: 1 Online-Ressource (8 Seiten)
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Preprints of the Max Planck Institute for Research on Collective Goods ; 2016,16
Links: Fulltext
HBZ-ID: HT019272060 » further libraries in North Rhine-Westphalia
Database: ULB Bonn