Too Proud to Stop: Regret in Dynamic Decisions
研究了带有遗憾偏好的决策者在动态环境中的行为，发现他们会持续博弈直到获得与过去最佳结果匹配的回报，并通过实验验证了这一现象。
Abstract Regret and its anticipation affect a wide range of decisions. Job-seekers reject offers while waiting for an offer to match their best past offer; investors hold on to badly performing stocks; and managers throw good money after bad projects. We analyze behavior of a decision maker with regret preferences in a dynamic context and show that regret agents have a disposition to gamble until they receive a payoff matching the best past offer. Results from a lab experiment confirm that many subjects exhibit such behavior and are reluctant to stop below the past peak.