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).
Posted by Mark Thoma on Saturday, May 30, 2015 at 09:36 AM in Economics, Video |
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