Investment in education under disappointment aversion
Anderberg, Dan and Cerrone, Claudia 
ORCID: https://orcid.org/0000-0003-1551-6723
(2017)
Investment in education under disappointment aversion.
Economics Bulletin, 37
(3)
.
pp. 1533-1540.
ISSN 1545-2921
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Abstract
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 investments in education for lower ability people and increases investments for higher ability people, thereby magnifying the gap between them generated by the riskiness of education.
| Item Type: | Article |
|---|---|
| Research Areas: | A. > Business School > Economics |
| Item ID: | 30776 |
| Notes on copyright: | The article is published by Economics Bulletin as: Dan Anderberg and Claudia Cerrone, (2017) ''Investment in education under disappointment aversion'', Economics Bulletin, Volume 37, Issue 3, pages 1533-1540.
The published article is reproduced in this repository in line with the publisher's terms. |
| Useful Links: | |
| Depositing User: | Claudia Cerrone |
| Date Deposited: | 03 Aug 2020 09:00 |
| Last Modified: | 09 Feb 2022 10:38 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/30776 |
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