Transitive regret

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,: School of Management, University of California, Los Angeles
,: Department of Economics, Boston College
Authors registered in the RePEc Author Service: Uzi Segal and Sushil Bikhchandani

Theoretical Economics, 2011, vol. 6, issue 1

Abstract: 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.

Keywords: Regret; transitivity; non-expected utility (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 2011-01-23
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Citations: View citations in EconPapers (3)

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Working Paper: Transitive Regret (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:the:publsh:738

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