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regret and disappointment and presents a new method --- the Regret and Disappointment Scale (RDS) --- for assessing the two … prototypical of regret and the other of disappointment, to test and compare traditional methods (``How much regret do you feel … the constructs of regret and disappointment. Study 2 confirmed the validity of the RDS in a real-life scenario, in which …
Persistent link: https://www.econbiz.de/10005773086
negatively valenced decision-related emotions, regret and disappointment, have distinct effects on the valuation of an object. We … found that an induction of regret eliminates the classic endowment effect, whereas an induction of disappointment reverses …
Persistent link: https://www.econbiz.de/10010573780
The influence of emotions on decision making is widely accepted, particularly in relation to incidental emotions and moods. The influence of specific emotions integral to a decision is, perhaps, less explored. Explanations of many behavioral anomalies exist that exclude such emotions as...
Persistent link: https://www.econbiz.de/10010576400
regret. 1156–1166 and Bell, D. 1985. Disappointment in decision making under uncertainty. 1–27.]; Loomes and Sugden [Loomes … perspective is useful in that risk is captured by the disappointment and regret terms, providing an intuitively appealing … decomposition of post-choice valuation and offering several advances over previous representations of disappointment and regret. We …
Persistent link: https://www.econbiz.de/10008789689
Regret and disappointment are decision-making related emotions. We examine the relation between these emotions and … that refer to regret and disappointment. We base our research on earlier studies by Zeelenberg, Van Dijk, Manstead, and Van …, and regret and disappointment on the other. As such we provide a demonstration of how emotion words and emotional …
Persistent link: https://www.econbiz.de/10011051353
Investors, like any decision maker, feel regret when they compare the outcome of an investment with what the outcome … result. However, when their investments exceeded prior expectations, the effect of foregone investment on regret disappeared … when probed to make counterfactual comparisons, also investments that exceed expectations may lead to regret. Together …
Persistent link: https://www.econbiz.de/10010559823
Regret Theory postulates that choices may be influenced by the chooser's expectation that certain outcomes will be … associated with an experience of regret (or, for positive outcomes, rejoicing), and a desire to avoid or experience these … postulated by Regret Theory, nor did they contribute much to the prediction of which lottery a subject would prefer. …
Persistent link: https://www.econbiz.de/10005730860
and disutility from disappointment ex post. The decision maker chooses his degree of optimism, given that more optimism … raises both the utility of ex ante feelings and the risk of disappointment ex post. We characterize the optimal beliefs and …, disappointment, optimism, decision under risk, portfolio allocation. …
Persistent link: https://www.econbiz.de/10010986494
This paper studies the normative problem of redistribution between agents who can influence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, a two-period model is...
Persistent link: https://www.econbiz.de/10010988713
, which integrates reference based utility models with elements of prospect theory and the disappointment model, helps in … show that the combination of probability weighting with disappointment aversion appears to provide a better explanation for …
Persistent link: https://www.econbiz.de/10011220549