{"id":"https://openalex.org/W2000598570","doi":"https://doi.org/10.1080/13841289808523385","title":"Regret theory and policy reform\u2217","display_name":"Regret theory and policy reform\u2217","publication_year":1998,"publication_date":"1998-08-01","ids":{"openalex":"https://openalex.org/W2000598570","doi":"https://doi.org/10.1080/13841289808523385","mag":"2000598570"},"language":"en","primary_location":{"id":"doi:10.1080/13841289808523385","doi":"https://doi.org/10.1080/13841289808523385","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13841289808523385","pdf_url":null,"source":{"id":"https://openalex.org/S123628622","display_name":"The Journal of Policy Reform","issn_l":"1384-1289","issn":["1384-1289","1477-2736"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Policy Reform","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048699546","display_name":"Joshua Aizenman","orcid":"https://orcid.org/0000-0002-7213-6105","observed_orcids":["https://orcid.org/0000-0002-7213-6105"]},"institutions":[{"id":"https://openalex.org/I107672454","display_name":"Dartmouth College","ror":"https://ror.org/049s0rh22","country_code":"US","type":"education","lineage":["https://openalex.org/I107672454"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Joshua Aizenman","raw_affiliation_strings":["Department of Economics, Dartmouth College, Hanover, NH, 03755"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Dartmouth College, Hanover, NH, 03755","institution_ids":["https://openalex.org/I107672454"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5048333973","display_name":"Sang\u2010Seung Yi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I107672454","display_name":"Dartmouth College","ror":"https://ror.org/049s0rh22","country_code":"US","type":"education","lineage":["https://openalex.org/I107672454"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sang-Seung Yi","raw_affiliation_strings":["Department of Economics, Dartmouth College, Hanover, NH, 03755"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Dartmouth College, Hanover, NH, 03755","institution_ids":["https://openalex.org/I107672454"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5048699546"],"corresponding_institution_ids":["https://openalex.org/I107672454"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.13874346,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"2","issue":"3","first_page":"269","last_page":"280"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8833000063896179,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8833000063896179,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14112","display_name":"Economic, financial, and policy analysis","score":0.028599999845027924,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10443","display_name":"Social Policy and Reform Studies","score":0.02710000053048134,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/regret-theory","display_name":"regret theory","score":0.9800000190734863},{"id":"https://openalex.org/keywords/policy-reform","display_name":"policy reform","score":0.953000009059906},{"id":"https://openalex.org/keywords/economic-crisis","display_name":"economic crisis","score":0.9049999713897705},{"id":"https://openalex.org/keywords/status-quo","display_name":"status quo","score":0.5059999823570251},{"id":"https://openalex.org/keywords/uncertainty","display_name":"uncertainty","score":0.38600000739097595},{"id":"https://openalex.org/keywords/adjustment-costs","display_name":"adjustment costs","score":0.5720000267028809}],"concepts":[{"id":"https://openalex.org/C50817715","wikidata":"https://www.wikidata.org/wiki/Q79895177","display_name":"Regret","level":2,"score":0.9484221935272217},{"id":"https://openalex.org/C2776748549","wikidata":"https://www.wikidata.org/wiki/Q201610","display_name":"Status quo","level":2,"score":0.9370673894882202},{"id":"https://openalex.org/C136566586","wikidata":"https://www.wikidata.org/wiki/Q29598","display_name":"Status quo bias","level":3,"score":0.7883924841880798},{"id":"https://openalex.org/C2986080485","wikidata":"https://www.wikidata.org/wiki/Q1331926","display_name":"Decision maker","level":2,"score":0.6841537952423096},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6183009147644043},{"id":"https://openalex.org/C148220186","wikidata":"https://www.wikidata.org/wiki/Q7111912","display_name":"Outcome (game theory)","level":2,"score":0.6100372076034546},{"id":"https://openalex.org/C2778281098","wikidata":"https://www.wikidata.org/wiki/Q885383","display_name":"Deferral","level":2,"score":0.4613165557384491},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.42889297008514404},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.3376310467720032},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3365718722343445},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.30209583044052124},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.15325725078582764},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09565308690071106},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/13841289808523385","doi":"https://doi.org/10.1080/13841289808523385","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13841289808523385","pdf_url":null,"source":{"id":"https://openalex.org/S123628622","display_name":"The Journal of Policy Reform","issn_l":"1384-1289","issn":["1384-1289","1477-2736"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Policy Reform","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:jpolrf:v:2:y:1998:i:3:p:269-280","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/13841289808523385","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W181282214","https://openalex.org/W1489623210","https://openalex.org/W1494780953","https://openalex.org/W1513281941","https://openalex.org/W1602214210","https://openalex.org/W1998778769","https://openalex.org/W2008398475","https://openalex.org/W2040689732","https://openalex.org/W2088464787","https://openalex.org/W2132763749","https://openalex.org/W2145964516","https://openalex.org/W2570834760","https://openalex.org/W3121654483","https://openalex.org/W3125388642","https://openalex.org/W3143980083","https://openalex.org/W4254504325","https://openalex.org/W4285719527","https://openalex.org/W4300578501"],"related_works":["https://openalex.org/W1602214210","https://openalex.org/W4243691470","https://openalex.org/W2619327327","https://openalex.org/W3123066665","https://openalex.org/W2320074832","https://openalex.org/W3124791568","https://openalex.org/W2762552223","https://openalex.org/W4309491350","https://openalex.org/W279700928","https://openalex.org/W7070888422"],"abstract_inverted_index":{"This":[0],"paper":[1],"offers":[2],"an":[3,12,65,86],"explanation":[4,16],"of":[5,11,23,37,85,94],"policy":[6,40],"reforms":[7,82],"undertaken":[8],"in":[9,46,83],"times":[10,84],"economic":[13,66,87],"crisis.":[14],"Our":[15],"does":[17],"not":[18],"depend":[19],"either":[20],"on":[21,30],"conflicts":[22],"interests":[24],"between":[25],"different":[26],"socio-economic":[27],"groups,":[28],"or":[29],"the":[31,35,38,52,59,70,74,90],"informational":[32],"imperfection":[33],"about":[34],"effectiveness":[36],"current":[39],"regime.":[41],"The":[42],"single":[43],"decision":[44,76],"maker":[45,77],"our":[47],"model":[48],"experiences":[49],"regrets":[50],"when":[51],"uncertain":[53],"reform":[54],"outcome":[55],"is":[56],"worse":[57],"than":[58],"status":[60],"quo.":[61],"We":[62],"show":[63],"that":[64],"crisis":[67],"which":[68],"reduces":[69],"status-quo":[71],"income":[72],"makes":[73],"regret-experiencing":[75],"more":[78],"eager":[79],"to":[80],"undertake":[81],"crisis,":[88],"despite":[89],"higher":[91],"utility":[92],"costs":[93],"adjustments.":[95]},"counts_by_year":[{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}