Striatal sensitivity to personal responsibility in a regret-based decision-making task

The role of regret and responsibility in decision-making

Regret is a cognitively mediated, multifaceted emotion engendered by thoughts of how things might have been better had we behaved differently. The causes, experience and behavioural impact of regret have been widely studied by psychologists. However, research into the neural basis of regret has been motivated primarily by economic approaches, which often reduce regret to such a simplistic const...

Regret in Decision Making

Decision research has only recently started to take seriously the role of emotions in choices and decisions. Regret is the emotion that has received the most attention. In this article, we sample a number of the initial regret studies from psychology and economics, and trace some of the complexities and contradictions to which they led. We then sketch a new theory, decision justification theory...

Genetic decision-making: parental responsibility.

A Neuroeconomic Study of Social Observability and Personal Responsibility in Decision Making: An fMRI Experiment

ing away from responsibility factor allows us to simplify the MMR model laid out in section 2. The value of the outcome x to the subject and counterfactual outcome y to the “other” can now be written as: V (x, y) = u(x) + G ( x y ) [5] for i=0,1 where G is the function relevant in the private and G in the social environments. Using simplified version of MMR our hypotheses for the BOLD signal in...

A Regret Minimization Approach in Product Portfolio Management with respect to Customers’ Price-sensitivity

In an uncertain and competitive environment, product portfolio management (PPM) becomes more challenging for manufacturers to decide what to make and establish the most beneficial product portfolio. In this paper, a novel approach in PPM is proposed in which the environment uncertainty, competitors’ behavior and customer’s satisfaction are simultaneously considered as the most important criteri...