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Brain imaging helped identify the neural circuits that are involved when we feel regret.
A substantial activity is taking place in the hippocampus, which is responsible for memory. Also, experiencing regret and being scared of feeling regret involve very similar neural circuits – indicating that fearing regret is actually practically the same as experiencing regret.
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Too many people hang on to relationships that they well know are going nowhere.
Ending a relationship puts us in the situation to admit we have made a mistake and it makes us experience regret. So to avoid regret, we convince ourselves that as we have come so far with the relationshi...
Regret is important in our lives because it facilitates the process of learning from our mistakes and avoiding repeating them.
When starting new projects, we tend to have high expectations of them doing well. We put a big amount of effort into them and even if see they don't go that well, we still choose not to opt-out. Instead, we hang on them longer, because we feel regret of leaving a project before it material...
It's our tendency o focus on losses rather than gains.
That makes people who are more prone to feel regret less likely to take risks.
It's a bias related to money and it describes how investors hold on tight to losing assets. The driving force behind this behavior is our fear of regret.
It shows we are very hesitant to sell an asset at a loss and we tend to hang on to it as it keeps dropping in value, hoping it will pi...
Being afraid of regret is a powerful driver of maintaining the status quo in our lives.
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Status quo bias is when we prefer that our environment and situation should remain unchanged.
The bias has the most impact in the area of decision-making, as we tend to prefer the more familiar choice over the less familiar, but often better, option.
The regrets that bother us the most involve failing to live up to our “ideal selves.”
We’re not as bothered by the mistakes we’ve made or the things we ought to have done as we are bothered by never becoming the person we truly wanted to be.
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