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Regret theory models choice under uncertainty taking into account the effect of anticipated regret. Subsequently, several other authors improved upon it. [4] It incorporates a regret term in the utility function which depends negatively on the realized outcome and positively on the best alternative outcome given the uncertainty resolution. This ...
Or Disappointment is the feeling of dissatisfaction that follows the failure of expectations or hopes [1] to manifest. Similar to regret, it differs in that a person who feels regret focuses primarily on the personal choices that contributed to a poor outcome, while a person feeling disappointment focuses on the outcome itself. [2]
The Wilmot Proviso was an unsuccessful 1846 proposal in the United States Congress to ban slavery in territory acquired from Mexico in the Mexican–American War. [1] The conflict over the Wilmot Proviso was one of the major events leading to the American Civil War.
A business proposal is a written offer from a seller to a prospective sponsor. Business proposals are often a key step in a complex sales process, where a buyer considers more than price in a purchase.
Agent regret is the idea that a person could be involved in a situation, and regret their involvement even if those actions were innocent, unintentional, or involuntary. [3] For example, if someone decides to die by stepping in front of a moving vehicle , the death is not the fault of the driver, but the driver may still regret that the person ...
Wiktionary (UK: / ˈ w ɪ k ʃ ən ər i / ⓘ, WIK-shə-nər-ee; US: / ˈ w ɪ k ʃ ə n ɛr i / ⓘ, WIK-shə-nerr-ee; rhyming with "dictionary") is a multilingual, web-based project to create a free content dictionary of terms (including words, phrases, proverbs, linguistic reconstructions, etc.) in all natural languages and in a number of artificial languages.
The first attestation in the Oxford English Dictionary is a Euractiv blog post by Peter Wilding on 15 May 2012. [ 17 ] [ 18 ] [ 19 ] It was coined by analogy with " Grexit ", attested on 6 February 2012 to refer to a hypothetical withdrawal of Greece from the eurozone (and possibly the EU altogether, although there was never a clear popular ...
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.