Fujii, Yoichiro; Osaki, Yusuke - In: Health Economics Review 8 (2018) 14, pp. 1-8
descriptive limitations of EUT. Under regret theory, agents suffer disutility from regret or enjoy utility from rejoicing by … comparing the chosen alternative with the forgone one. We examine the effect of regret and rejoicing on the threshold approach … by setting the EU case as a benchmark, and show conditions under which regret and rejoicing monotonically change the …
