Regret in decision making under uncertainty

Bell, D. E. (1982). Regret in decision making under uncertainty. Operations Research, 30(5), 961-981.

Type

Journal article

Intellectual base

Primary research

Year

1982

Link

https://doi.org/10.1287/opre.30.5.961matched

Cited from

information_theory

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Regret
  • The two come apart cleanly: an investor who expected ten percent and earned ten percent feels no disappointment, yet may feel sharp regret if a passed-over option earned thirty.

    This sourceFormalizes regret as the shortfall against the best forgone alternative—distinct from disappointment against expectation—and analyzes regret-incorporating choice as a descriptively richer alternative to expected-utility maximization.

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Registry ID ref:a738581a3006 · see in the full table