Anticipating regret: Why fewer options may be better
Publication
, Journal Article
Sarver, T
Published in: Econometrica
January 1, 2008
We study preferences over menus which can be represented as if the agent selects an alternative from a menu and experiences regret if her choice is ex post inferior. Since regret arises from comparisons between the alternative selected and the other available alternatives, our axioms reflect the agent's desire to limit her options. We prove that our representation is essentially unique. We also introduce two measures of comparative regret attitudes and relate them to our representation. Finally, we explore the formal connection between the present work and the literature on temptation. © The Econometric Society 2008.
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Published In
Econometrica
DOI
EISSN
1468-0262
ISSN
0012-9682
Publication Date
January 1, 2008
Volume
76
Issue
2
Start / End Page
263 / 305
Related Subject Headings
- Econometrics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
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MLA
NLM
Sarver, T. (2008). Anticipating regret: Why fewer options may be better. Econometrica, 76(2), 263–305. https://doi.org/10.1111/j.1468-0262.2008.00834.x
Sarver, T. “Anticipating regret: Why fewer options may be better.” Econometrica 76, no. 2 (January 1, 2008): 263–305. https://doi.org/10.1111/j.1468-0262.2008.00834.x.
Sarver T. Anticipating regret: Why fewer options may be better. Econometrica. 2008 Jan 1;76(2):263–305.
Sarver, T. “Anticipating regret: Why fewer options may be better.” Econometrica, vol. 76, no. 2, Jan. 2008, pp. 263–305. Scopus, doi:10.1111/j.1468-0262.2008.00834.x.
Sarver T. Anticipating regret: Why fewer options may be better. Econometrica. 2008 Jan 1;76(2):263–305.
Published In
Econometrica
DOI
EISSN
1468-0262
ISSN
0012-9682
Publication Date
January 1, 2008
Volume
76
Issue
2
Start / End Page
263 / 305
Related Subject Headings
- Econometrics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory