Valuable lessons for making difficult decisions - Deepstash
Behavioral Economics, Explained

Learn more about personaldevelopment with this collection

How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

Behavioral Economics, Explained

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Causes of regret

Causes of regret

Studies show that there are these are the three causes of regret:

  • Inaction
  • Lost opportunities
  • Poor judgment

When we decide to not actively pursue the things that we want to, in retrospect, it will bring enduring regrets of what could have been. There are some things that we could have done at that time and some we could have prevented had we not done it.

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Making big life decisions with no regrets

  1. Make sure to spend time thinking about your decisions twice or thrice, but don't let it eat you up.
  2. Stop undermining your relationships, both romantic and platonic.
  3. Learn how to seize opportunities. You can't go back in time. Whatever you choose to do, whether study or travel or both, your experiences are your own.
  4. Lay down your personal values and make decisions based on them. As long as you have a good justification for a decision to be made now, at least you won't regret it later.

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Life's biggest decisions

We make many decisions in life, often small, but big decisions come up from time to time where their ramifications may linger for years. It's often scary to make a big decision because of what might happen, but it's inevitable.

Certain studies showed the most common life decisions involved getting married, having children, their careers, and pursuing a degree. The less common ones involved ending a life and engaging in self-harm.

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Life's biggest regrets

Regret is a feeling everyone experiences at one point in their life or several. It's a negative emotion that comes from the time we reflect on past decisions and wish we did something different.

Studies show that the most commonly reported regrets involved romance, family, education, career, finance, and parenting. Those in palliative care often wished they lived a life true to themselves, wished they didn't overwork themselves, or wish they stayed in touch with their friends.

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