This study models a representative agent with generalized disappointment aversion preferences in an endowment economy …

disappointment aversion triggered by value uncertainty online, three return configurations were explored: non-return, same …-channel return and omnichannel return and the impacts of disappointment aversion on the retailer's optimal pricing, return penalty …, and profitability are investigated. The most important conclusion is that the effect of disappointment aversion on return …

disappointment aversion triggered by value uncertainty online, three return configurations were explored: non-return, same …-channel return and omnichannel return and the impacts of disappointment aversion on the retailer's optimal pricing, return penalty …, and profitability are investigated. The most important conclusion is that the effect of disappointment aversion on return …

One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model … disappointment aversion in a variety of applications. …