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An economic definition of ‘Fear of Missing Out’ (FOMO)
Finance Research Letters, Volume: 63, Start page: 105344
Swansea University Author: MOHAMMED KADDOUHAH
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DOI (Published version): 10.1016/j.frl.2024.105344
Abstract
This research note proposes a decision theoretic definition of the popular phenomenon of Fear of Missing Out (FOMO). Our definition assumes that FOMO causes individuals to base their decision-making utility on their own anticipated regret and the decisions made by individuals in their social peer gr...
| Published in: | Finance Research Letters |
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| ISSN: | 1544-6123 |
| Published: |
Elsevier BV
2024
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa65956 |
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| Abstract: |
This research note proposes a decision theoretic definition of the popular phenomenon of Fear of Missing Out (FOMO). Our definition assumes that FOMO causes individuals to base their decision-making utility on their own anticipated regret and the decisions made by individuals in their social peer group. We use an example related to asset trading in order to illustrate how to analyse decision-making under FOMO preferences and to highlight differences with the concept of regret aversion. |
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| Keywords: |
Anticipated regret; Fear of Missing Out; FOMO; Financial decision-making |
| College: |
Faculty of Humanities and Social Sciences |
| Funders: |
Swansea University |
| Start Page: |
105344 |