Testing for feedback-conditional regret effects using a natural lottery

Steven J. Humphrey, Paul Mann and Chris Starmer

We report the results of an experimental test for feedback-conditional regret effects using a naturally occurring gamble. The properties of this gamble are likely to engage decision-makers to a greater extent than conventional abstract laboratory gambles, and be more generally exhibited by real world objects of choice. We argue that this conveys a higher than typical degree of external validity on our findings. We observe that feedback on the outcome of foregone choices enhances the salience of regret as a decision motive. -- regret theory ; outcome feedback ; natural lottery ; external validity

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Year of publication:	May 2005
Other Persons:	Humphrey, Steven J. (contributor) ; Mann, Paul (contributor) ; Starmer, Chris (contributor)
Publisher:	Nottingham : CEDEX
Subject:	Entscheidungstheorie \| Decision theory \| Risiko \| Risk \| Spieltheorie \| Game theory

Extent:	Online-Ressource, 12 p., text
Series:	CEDEX discussion paper series. - Nottingham : [Verlag nicht ermittelbar], ISSN 1749-3293, ZDB-ID 2105636-5. - Vol. 2005,07
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/67979 [Handle]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C91 - Laboratory, Individual Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10002807138