Transitive regret

• 成果类型: Article
• 署名作者: Bikhchandani, Sushil; Segal, Uzi
• 署名单位: University of California System; University of California Los Angeles; Boston College
• 刊物名称: THEORETICAL ECONOMICS
• ISSN/ISSBN: 1933-6837
• DOI: 10.3982/TE738
• 发表日期: 2011-01-01
• 页码: 95-108
• 关键词: Regret; transitivity; nonexpected utility

摘要

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 nonexpected utility theories of transitive choice and show that the answer is no. If choices are governed by ex ante regret and rejoicing, then nonexpected utility preferences must be intransitive.