ambiguity aversion. This characterization extends to regret-based models as well. As an application of our general result, we …

How can naivete about present bias persist despite experience? To answer this question, our experiment investigates … results suggest that persistent naivete cannot be explained by a fundamental inferential bias. At the same time, we find that …

Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers … in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities …. theoretically, these strategies result in anticipated and experienced regret, which systematically affect search behavior and …