Transitive regret

Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice and show that the answer is no. If choices are governed by ex ante regret and rejoicing then non-expected utility preferences must be intransitive.

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Year of publication:	2011
Authors:	Bikhchandani, Sushil ; Segal, Uzi
Published in:	Theoretical Economics. - New Haven, CT : The Econometric Society, ISSN 1555-7561. - Vol. 6.2011, 1, p. 95-108
Publisher:	New Haven, CT : The Econometric Society
Subject:	Regret \| transitivity \| non-expected utility

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3982/TE738 [DOI] 894994891 [GVK] hdl:10419/150148 [Handle] RePEc:the:publsh:738 [RePEc]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	EconStor

Persistent link: https://www.econbiz.de/10011599439