Random Regret Minimization: Exploration of a New Choice Model for Environmental and Resource Economics
نویسندگان
چکیده
منابع مشابه
A New Model of Random Regret Minimization
A new choice model is derived, rooted in the framework of Random Regret Minimization (RRM). The proposed model postulates that when choosing, people anticipate and aim to minimize regret. Whereas previous regret-based discrete choice-models assume that regret is experienced with respect to only the best of foregone alternatives, the proposed model assumes that regret is potentially experienced ...
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ژورنال
عنوان ژورنال: Environmental and Resource Economics
سال: 2011
ISSN: 0924-6460,1573-1502
DOI: 10.1007/s10640-011-9505-7