The threshold approach to medical decision-making, in which treatment decisions are made based on whether the … theory. Regret theory is one of the established alternatives to expected utility theory (EUT), and partly overcomes the … descriptive limitations of EUT. Under regret theory, agents suffer disutility from regret or enjoy utility from rejoicing by …

This paper analyzes dynamic choice for ambiguity-sensitive decision makers. It demonstrates that unambiguous behavioral … predictions can be obtained, even in the face of dynamic inconsistency, by taking the individual's preferences over decision trees … assumption about the way individuals resolve conflicts between preferences at different decision points. The main result employs …