Reference Entry

regret theory

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
regret theory

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A theory of choice based on the premise that people anticipate regret if a wrong choice is made, and take this anticipation into account when making decisions. Regret theory is an alternative to ...

Reference Entry.  51 words. 

Subjects: Economics

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