Regret, disappointment and the endowment effect
نویسندگان
چکیده
منابع مشابه
Regret, disappointment and the endowment effect
The endowment effect is the finding that minimum selling prices for a particular good exceed maximum buying prices. We build on and extend previous research showing that emotions influence the endowment effect, and reveal that the two negatively valenced decision-related emotions, regret and disappointment, have distinct effects on the valuation of an object. We found that an induction of regre...
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The present article investigates the effectiveness of methods traditionally used to distinguish between the emotions of regret and disappointment and presents a new method — the Regret and Disappointment Scale (RDS) — for assessing the two emotions in decision making research. The validity of the RDS was tested in three studies. Study 1 used two scenarios, one prototypical of regret and the oth...
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A critical aspect of an agent system is the ability to deal with unexpected situations to determine an appropriate course of action in a changing environment. In this paper, we investigate the incorporation of the mental attitudes of regret and disappointment (which have been studied by economists using utility theory) into the agent’s reasoning system in order to improve its ability to deal wi...
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Both affective neuroscience and decision science focus on the role of emotions in decisions. Regret and disappointment are emotions experienced with negative decision outcomes. The present research examines the neural substrates of regret and disappointment as well as the role of regret and disappointment in decision making. Experiment 1 compared the subjective experience of regret and disappoi...
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“If only I had married that girl, my life would have been different. We would have been a good match for each other and we would have made a great couple...” Such mental representations of how our lives could have been better are termed counterfactual, representing an alternative scenario to the factual past (Kahneman and Miller 1986; Kahneman and Tversky 1982; Roese 1997). People who engage in...
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ژورنال
عنوان ژورنال: Journal of Economic Psychology
سال: 2011
ISSN: 0167-4870
DOI: 10.1016/j.joep.2011.08.006