This paper studies optimal task assignments in a setting where agents are expectation-based loss averse according to KoszegiRabin (2006) and KoszegiRabin (2007) and are compensated according to an aggregated performance measure in which tasks are technologically independent. We show that the...

This study contributes to the optimization literature with an approach that would help investors understand how the risk-aversion profile hyper-parameter affects both excess returns, risk, and the Sharpe index curves in portfolio optimization problems with shorting constraints. These curves were...