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Regret theory and measurable utility. (English) Zbl 1273.91176
Summary: This paper examines the relationship between regret theory and a novel set of axioms for choice under uncertainty, discusses the extent of complementarity and points to certain important distinctions between the two approaches.

MSC:
91B16 Utility theory
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References:
[1] Fishburn, P.C., Nontransitive measurable utility, (), no. 209, Sept. · Zbl 0499.90006
[2] Fishburn, P.C., An axiomatic characterization of skew-symmetric bilinear functionals, with applications to utility theory, Economics letters, 8, no. 4, 311-313, (1981)
[3] Kahneman, D.; Tversky, A., Prospect theory: an analysis of decision under risk, Econometrica, 47, 263-291, (1979) · Zbl 0411.90012
[4] Loomes, G.; Sugden, R., Regret theory: an alternative theory of rational choice under uncertainly, Economic journal, (1982), Dec., forthcoming
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