David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Theory and Decision 73 (1):35-51 (2012)
This research examines the moderating role of regret aversion in reason-based choice. Earlier research has shown that regret aversion and reason-based choice effects are linked through a common emphasis on decision justification, and that a simple manipulation of regret salience can eliminate the decoy effect, a well-known reason-based choice effect. We show here that the effect of regret salience varies in theory-relevant ways from one reason-based choice effect to another. For effects such as the select/reject and decoy effect, both of which were independently judged to be unreasonable bases for deciding, regret salience eliminated the effect. For the most-important attribute effect that is judged to be normatively acceptable, however, regret salience amplified the effect. Anticipated self-blame regret and perceived decision justifiability consistently predicted preferences and thus offer a parsimonious account of both attenuation and amplification of these reason-based choice effects.
|Keywords||Decision justification Reason-based choice Regret Regret aversion Decoy effect Accept/reject effect Most important attribute effect|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Giorgio Coricelli, Raymond J. Dolan & Angela Sirigu (2007). Brain, Emotion and Decision Making: The Paradigmatic Example of Regret. Trends in Cognitive Sciences 11 (6):258-265.
Jon Elster (1996). Rationality and the Emotions. Economic Journal 106:1386-97.
Hugo Mercier (2011). Self-Deception: Adaptation or by-Product? Behavioral and Brain Sciences 34 (1):35-35.
Gül Özerol & Esra Karasakal (2008). A Parallel Between Regret Theory and Outranking Methods for Multicriteria Decision Making Under Imprecise Information. Theory and Decision 65 (1):45-70.
Jochen Reb & Terry Connolly (2010). The Effects of Action, Normality, and Decision Carefulness on Anticipated Regret: Evidence for a Broad Mediating Role of Decision Justifiability. Cognition and Emotion 24 (8):1405-1420.
Citations of this work BETA
No citations found.
Similar books and articles
Amy J. Fredin (2011). The Effects of Anticipated Regret on the Whistleblowing Decision. Ethics and Behavior 21 (5):404 - 427.
Terry Connolly & Jochen Reb (2005). Regret and the Control of Temporary Preferences. Behavioral and Brain Sciences 28 (5):653-654.
Brooke Natalie Barnum-Roberts (2011). Apologizing Without Regret. Ratio 24 (1):17-27.
Marcel Zeelenberg (1999). The Use of Crying Over Spilled Milk: A Note on the Rationality and Functionality of Regret. Philosophical Psychology 12 (3):325 – 340.
Carla Bagnoli (2000). Value in the Guise of Regret. Philosophical Explorations 3 (2):169 – 187.
Miles Little (2009). The Role of Regret in Informed Consent. Journal of Bioethical Inquiry 6 (1):49-59.
Varsha Singh & Azizuddin Khan (2009). Heterogeneity in Choices on Iowa Gambling Task: Preference for Infrequent–High Magnitude Punishment. [REVIEW] Mind and Society 8 (1):43-57.
Andrew Fenton & Timothy Krahn (2008). Who's to Regret, What's to Regret? American Journal of Bioethics 8 (2):42 – 43.
Franz Dietrich & Christian List (2013). A Reason-Based Theory of Rational Choice. Noûs 47 (1):104-134.
Julie Tannenbaum (2007). Emotional Expressions of Moral Value. Philosophical Studies 132 (1):43 - 57.
Bruno Verbeek (2008). Consequentialism and Rational Choice: Lessons From the Allais Paradox. Pacific Philosophical Quarterly 89 (1):86–116.
Roy Sorenson (2006). Originless Sin: Rational Dilemmas for Satisficers. Philosophical Quarterly 56 (223):213 - 223.
By Roy Sorensen (2006). Originless Sin: Rational Dilemmas for Satisficers. Philosophical Quarterly 56 (223):213–223.
Added to index2011-07-31
Total downloads13 ( #120,623 of 1,101,088 )
Recent downloads (6 months)3 ( #116,335 of 1,101,088 )
How can I increase my downloads?