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- W4310790526 abstract "We examine how regret sensitivity influences two types of effort to prevent losses: self-insurance and self-protection. Individuals are called regret sensitive when they suffer disutility from the anticipated regret of considering their ex post best wealth. The keys to determining the effect of regret are the probability of loss in self-insurance and the sensitivity to regret in self-protection. Comparing the case of expected utility, regret-sensitive individuals tend to increase (decrease) their exertion of self-insurance when the probability of loss is low (high). Regret-sensitive individuals tend to decrease (increase) self-protection when they care about regret sufficiently (insufficiently). This result illustrates observed loss prevention practices." @default.
- W4310790526 created "2022-12-17" @default.
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- W4310790526 date "2022-12-01" @default.
- W4310790526 modified "2023-09-23" @default.
- W4310790526 title "Effect of regret sensitivity on self-insurance and self-protection" @default.
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- W4310790526 doi "https://doi.org/10.1080/00036846.2022.2138816" @default.
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