TY - JOUR
T1 - The effect of time on pleasure with chosen outcomes
AU - Ritov, Ilana
PY - 2006/4
Y1 - 2006/4
N2 - Emotional reactions, such as regret and disappointment, are associated with the comparison of an obtained outcome with what might have been. Past research revealed that these counterfactual comparisons affect one's pleasure with the outcome, at least in the short term. However, whether such effects are transient or long lasting is unknown. The present research explores the time course of outcome evaluation, by eliciting ratings of pleasure with a specific real choice at two points in time. In three experimental studies, pleasure with a small gift immediately following the gift's selection was compared to pleasure with the gift 4 to 8 weeks later. The results indicate that satisfaction with a chosen outcome, unlike satisfaction with a randomly assigned one, decreases in the long term. These findings are compatible with the assumption that under some conditions the impact of forgone options on the evaluation of decision outcomes does not diminish, and may even increase with time. A fourth study, a survey of people's retrospective evaluation of their choice of undergraduate major, yielded compatible results.
AB - Emotional reactions, such as regret and disappointment, are associated with the comparison of an obtained outcome with what might have been. Past research revealed that these counterfactual comparisons affect one's pleasure with the outcome, at least in the short term. However, whether such effects are transient or long lasting is unknown. The present research explores the time course of outcome evaluation, by eliciting ratings of pleasure with a specific real choice at two points in time. In three experimental studies, pleasure with a small gift immediately following the gift's selection was compared to pleasure with the gift 4 to 8 weeks later. The results indicate that satisfaction with a chosen outcome, unlike satisfaction with a randomly assigned one, decreases in the long term. These findings are compatible with the assumption that under some conditions the impact of forgone options on the evaluation of decision outcomes does not diminish, and may even increase with time. A fourth study, a survey of people's retrospective evaluation of their choice of undergraduate major, yielded compatible results.
KW - Counterfactuals
KW - Decision evaluation
KW - Regret
UR - http://www.scopus.com/inward/record.url?scp=55549130808&partnerID=8YFLogxK
U2 - 10.1002/bdm.526
DO - 10.1002/bdm.526
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???
AN - SCOPUS:55549130808
SN - 0894-3257
VL - 19
SP - 177
EP - 190
JO - Journal of Behavioral Decision Making
JF - Journal of Behavioral Decision Making
IS - 2
ER -