Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67979
Authors: 
Humphrey, Steven J.
Mann, Paul
Starmer, Chris
Year of Publication: 
2005
Series/Report no.: 
CeDEx Discussion Paper, The University of Nottingham 2005-07
Abstract: 
We report the results of an experimental test for feedback-conditional regret effects using a naturally occurring gamble. The properties of this gamble are likely to engage decision-makers to a greater extent than conventional abstract laboratory gambles, and be more generally exhibited by real world objects of choice. We argue that this conveys a higher than typical degree of external validity on our findings. We observe that feedback on the outcome of foregone choices enhances the salience of regret as a decision motive.
Subjects: 
regret theory
outcome feedback
natural lottery
external validity
JEL: 
D81
C91
Document Type: 
Working Paper

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