Disappointment Without Prior Expectation
While profit and loss can be measured easily enough, the emotional responses that determine whether results feel like success or failure are much more complicated. INSEAD’s Associate Professor of Decision Sciences, Philippe Delquié and Alessandra Cillo argue this response is not a factor of prior expectations, as suggested by previous studies. Instead, outcomes are valued relative to all missed outcomes, whether these alternatives were foreseen … [ Read more ]
Content: Article | Authors: Alessandra CILLO, Philippe Delquié | Source: INSEAD Knowledge | Subjects: Finance, Organizational Behavior