Testing for feedback-conditional regret effects using a natural lottery

Arbeitspapier

We report the results of an experimental test for feedback-conditional regret effects using a naturally occurring gamble. The properties of this gamble are likely to engage decision-makers to a greater extent than conventional abstract laboratory gambles, and be more generally exhibited by real world objects of choice. We argue that this conveys a higher than typical degree of external validity on our findings. We observe that feedback on the outcome of foregone choices enhances the salience of regret as a decision motive.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CeDEx Discussion Paper Series ; No. 2005-07

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Criteria for Decision-Making under Risk and Uncertainty ; Design of Experiments: Laboratory, Individual
• Thema: regret theory ; outcome feedback ; natural lottery ; external validity ; Entscheidungstheorie ; Risiko ; Spieltheorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Humphrey, Steven J. ; Mann, Paul ; Starmer, Chris
• Ereignis: Veröffentlichung
• (wer): The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx)
• (wo): Nottingham
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/67979
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ