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Regret theory is a model in theoretical economics simultaneously developed in 1982 by Graham Loomes and Robert Sugden, [1] David E. Bell, [2] and Peter C. Fishburn. [3] Regret theory models choice under uncertainty taking into account the effect of anticipated regret. Subsequently, several other authors improved upon it. [4]
In decision making and psychology, decision fatigue refers to the deteriorating quality of decisions made by an individual after a long session of decision making. [1] [2] It is now understood as one of the causes of irrational trade-offs in decision making. [2] Decision fatigue may also lead to consumers making poor choices with their purchases.
The exceptionality effect is a psychological bias describing the tendency for individuals to experience stronger negative emotional responses, such as regret, self-blame, or perceived injustice, when negative outcomes result from exceptional (abnormal) behavior compared to routine (normal) behavior.
In decision theory, regret aversion is a model of decision-making centered on the human emotion of regret as an aversive experience, to be consciously minimized in the decision process. To avoid here is to fall into the naive cartoon metaphor of regret: sobbing and moping and hair pulling and rending of shirts and villainous vows punctuated ...
In papers from 1959 onwards, Irving Janis and Leon Mann coined the phrase decisional balance sheet and used the concept as a way of looking at decision-making. [9] James O. Prochaska and colleagues then incorporated Janis and Mann's concept into the transtheoretical model of change, [ 10 ] an integrative theory of therapy that is widely used ...
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Choice-supportive bias or post-purchase rationalization is the tendency to retroactively ascribe positive attributes to an option one has selected and/or to demote the forgone options. [1]