Regret and Regulation
نویسندگان
چکیده
We analyze the welfare e¤ect of governmental regulation for individuals who consider anticipated regret in their decision making process. While governmental policies by directing choice distort individual decisions in the private market they can alleviate individualspain associated with the feeling of regret. We specify a general model to highlight this trade-o¤ and investigate two policies more closely: tax deduction for non-insured losses and mandated investment guarantees in private retirement accounts. We derive conditions under which these policies are welfare increasing. KeyWords regret; regulation; tax deduction; insurance demand; retirement saving; investment guarantee JEL Classi cation D03, G18, H31
منابع مشابه
Evaluation of Influencing Factors on Tubal Sterilization Regret: A Cross-Sectional Study
Objective The aim of this study is to evaluate the menstrual pattern, sexual function, and anxiety, and depression in women with poststerilization regret, and potential influencing factors for regret following TL in Iranian women. MaterialsAndMethods In this cross-sectional study, 166 women with TL were subdivided into two groups including women with poststerilization regret (n=41) and women wi...
متن کاملA Regret Minimization Approach in Product Portfolio Management with respect to Customers’ Price-sensitivity
In an uncertain and competitive environment, product portfolio management (PPM) becomes more challenging for manufacturers to decide what to make and establish the most beneficial product portfolio. In this paper, a novel approach in PPM is proposed in which the environment uncertainty, competitors’ behavior and customer’s satisfaction are simultaneously considered as the most important criteri...
متن کاملRunning head: REGULATORY FOCUS AND ANTICIPATED REGRET 1 Thoughts About Possible Failure: Regulatory Focus and the Anticipation of Regret
We examined the influence of self-regulatory focus on the anticipation of regret in the context of life decisions. Eager promotion-focused individuals consider different negative outcomes to be more relevant than do vigilant prevention-focused individuals (e.g., non-gains vs. losses). We proposed that the two regulatory foci would elicit more regret for different negative decision consequences ...
متن کاملRelationship between impulsive choice and emotional distress with students’ procrastination: mediating role of anticipated regret and consideration of future consequences
Given the wide prevalence of procrastination and delaying tasks and the need to identify factors affecting this problem, present study aimed to investigate the mediating role of anticipated regret and consideration of future consequences in the relationship between impulsive choice and emotional distress with procrastination. In an analytical cross-sectional study, 400 students were selected th...
متن کاملThe Experience and Regulation of Regret Across the Adult Life Span
Regret is a decision-related emotion that arises when a chosen outcome is, or is believed to be, worse than a non-chosen alternative (Connolly & Zeelenberg, 2002). The experience and anticipation of regret has been linked to important real-life decisions such as health behaviors (medical screening, condom use) and financial decisions (Zeelenberg, 1999). The behavioral consequences of regret inc...
متن کامل