Consequences of regret aversion: effects of expected feedback on risky decision making

Article Abstract:

Three experiments were conducted to demonstrate the impact of anticipated regret on risky decision making when expected feedback is controlled. The risky or safe gamble as a regret-minimizing choice was controlled in the experiments, by controlling which gambles would be resolved. Results indicate that subjects tend to select the regret-minimizing gamble in both gains and losses and in both relatively high risk and relatively low-risk pair of gambles.

Research, Choice (Psychology), Risk-taking (Psychology), Risk taking

---

Inaction inertia, regret, and valuation: a closer look

Article Abstract:

Influence of regret on inaction inertia is examined. Inertia inaction refers to the likelihood of acting on an attractive opportunity after missing an even better opportunity. Evidence reveals that missing of first opportunity devaluates the opportunity arising later.

United States, Forecasts, trends, outlooks, Forecasts and trends, Influence, Market trend/market analysis, Activities of daily living

---

On the psychology of 'if only': regret and the comparison between factual and counterfactual outcomes

Article Abstract:

The factors that impact regret in decision making are examined.

Netherlands, Psychological aspects, Analysis

Similar abstracts:

• Abstracts: A change-of-process theory for contextual effects and preference reversals in risky decision making. Tests of rank-dependent utility and cumulative prospect theory in gambles represented by natural frequencies: Effect of format event framing, and branch splitting
• Abstracts: Long-term effects of psychological trauma on psychosocial functioning. A randomized controlled trial to determine the effectiveness of an early psychological intervention with children involved in road traffic accidents
• Abstracts: On the practical significance of hindsight bias: the case of the expectancy-disconfirmation model of consumer satisfaction

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.