Short Video: Regret Theory: Looking Back, Looking Forward

Robert Sugden talks to Mark Thoma about his work on 'Regret Theory', as featured in The Economic Journal 125th Anniversary Special Issue, available for free online here: http://onlinelibrary.wiley.com/doi/10.1111/ecoj.12230/abstract

Here's an example: Regret theory in practice. (Update: Maybe this isn't the best example -- it should be that the anticipation of regret alters the choice that is made).