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An economic definition of ‘Fear of Missing Out’ (FOMO)

MOHAMMED KADDOUHAH

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...

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Published in: Finance Research Letters
ISSN: 1544-6123
Published: Elsevier BV 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa65956
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first_indexed 2024-04-03T17:05:00Z
last_indexed 2024-04-03T17:05:00Z
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spelling v2 65956 2024-04-03 An economic definition of ‘Fear of Missing Out’ (FOMO) 58d00df39e684be6ed9c17abf2a0cbd9 MOHAMMED KADDOUHAH MOHAMMED KADDOUHAH true false 2024-04-03 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. Journal Article Finance Research Letters 63 105344 Elsevier BV 1544-6123 Anticipated regret; Fear of Missing Out; FOMO; Financial decision-making 1 5 2024 2024-05-01 10.1016/j.frl.2024.105344 COLLEGE NANME COLLEGE CODE Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2024-04-30T21:32:15.2204145 2024-04-03T18:01:39.1532552 Faculty of Humanities and Social Sciences School of Social Sciences - Economics MOHAMMED KADDOUHAH 1 65956__30199__c54e438561684659a6d8c441b2b22d93.pdf 65956.VoR.pdf 2024-04-30T21:31:20.3456525 Output 517295 application/pdf Version of Record true © 2024 The Author(s). This is an open access article under the CC BY license. true eng http://creativecommons.org/licenses/by/4.0/
title An economic definition of ‘Fear of Missing Out’ (FOMO)
spellingShingle An economic definition of ‘Fear of Missing Out’ (FOMO)
MOHAMMED KADDOUHAH
title_short An economic definition of ‘Fear of Missing Out’ (FOMO)
title_full An economic definition of ‘Fear of Missing Out’ (FOMO)
title_fullStr An economic definition of ‘Fear of Missing Out’ (FOMO)
title_full_unstemmed An economic definition of ‘Fear of Missing Out’ (FOMO)
title_sort An economic definition of ‘Fear of Missing Out’ (FOMO)
author_id_str_mv 58d00df39e684be6ed9c17abf2a0cbd9
author_id_fullname_str_mv 58d00df39e684be6ed9c17abf2a0cbd9_***_MOHAMMED KADDOUHAH
author MOHAMMED KADDOUHAH
author2 MOHAMMED KADDOUHAH
format Journal article
container_title Finance Research Letters
container_volume 63
container_start_page 105344
publishDate 2024
institution Swansea University
issn 1544-6123
doi_str_mv 10.1016/j.frl.2024.105344
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Social Sciences - Economics{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Social Sciences - Economics
document_store_str 1
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description 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.
published_date 2024-05-01T21:32:16Z
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score 11.012813

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