Regret Theory: A Bold Alternative to the Alternatives

40 Pages Posted: 31 Mar 2015

See all articles by Han Bleichrodt

Han Bleichrodt

Erasmus University Rotterdam (EUR) - Institute of Health Policy and Management

Peter P. Wakker

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Date Written: March 2015

Abstract

In their famous 1982 paper in this Journal, Loomes and Sugden introduced regret theory. Now, more than 30 years later, the case for the historical importance of this contribution can be made. Loomes, G. and Sugden, R. (1982). ‘Regret theory: an alternative theory of rational choice under uncertainty’, Economic Journal, vol. 92(368), pp. 805–24.

Suggested Citation

Bleichrodt, Han and Wakker, Peter P., Regret Theory: A Bold Alternative to the Alternatives (March 2015). The Economic Journal, Vol. 125, Issue 583, pp. 493-532, 2015. Available at SSRN: https://ssrn.com/abstract=2587453 or http://dx.doi.org/10.1111/ecoj.12200

Han Bleichrodt (Contact Author)

Erasmus University Rotterdam (EUR) - Institute of Health Policy and Management ( email )

Netherlands

Peter P. Wakker

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) ( email )

P.O. Box 1738
3000 DR Rotterdam, NL 3062 PA
Netherlands

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