Aversion to risk of regret and preference for positively skewed risks
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DOI: 10.1007/s00199-018-1154-4
Abstract: We assume that the ex post utility of a regret-sensitive agent facing a menu of lotteries depends upon the payoff of the chosen lottery in the realized state together with the forgone best payoff available… read more here.
Keywords: risk; payoff; risk regret; aversion ... See more keywords