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An axiomatic foundation for regret theory

Article Abstract:

A set of regret-theory-based axioms is developed and then generalized. The axioms extend previous work by removing a slight amount of transitivity from axioms developed by P.C. Fishburn. The generalized axioms predict that preferences are affected by the nature of the feasible set.

Author: Sugden, Robert
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1993

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Anchored preference relations

Article Abstract:

Usage of decision theory to develop empirical model of reference-dependence of individual decisions, based on status quo bias toward non-expected utility during utility representation, is described.

Author: Sagi, Jacob S.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
United States, Usage, Decision theory

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Reference-dependent subjective expected utility

Article Abstract:

A generalization of expected utility shows differencies in perceived value of lotteries.

Author: Sugden, Robert
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
United Kingdom, Science & research, Research, Utility theory, Utility functions

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Subjects list: Decision-making, Models, Decision making
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