Feedback-conditional regret theory and testing regret-aversion in risky choice

@inproceedings{Humphrey2004FeedbackconditionalRT,
  title={Feedback-conditional regret theory and testing regret-aversion in risky choice},
  author={Steven J. Humphrey},
  year={2004}
}
Regret is an aversive emotion experienced upon the discovery that, had a different choice been made, a higher level of utility would have obtained than actually did. Because regret can be anticipated prior to choice it can lead to regret-minimising decisions. It has been shown that the experience of post-decisional regret is generally dependent on discovering the outcome of foregone acts as well as chosen acts. The most popular version of regret theory does not include an explicit account of… CONTINUE READING

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