Learn more about personaldevelopment with this collection
How to manage anxiety and self-doubt
Strategies for setting realistic goals
The importance of self-compassion and self-care
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.
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Being afraid of regret is a powerful driver of maintaining the status quo in our lives.
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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 – indicatin...
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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...
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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...
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Regret is important in our lives because it facilitates the process of learning from our mistakes and avoiding repeating them.
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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...
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More like this
A backwards technique of motivation is exploiting the preference to avoid losses over acquiring gains. Making people aware that they will lose something if the activity isn’t completed is a fear-based but effective method of external motivation.
Example: Making people pay a fine if the...
..is a principle which makes people do things so that they don't feel regretful later.
People are panic-buying for the same reason too, with social media and news media amplifying the sense of scarcity.
The effect shows our tendency to prioritise perceived time-sensitive tasks over non-urgent tasks, even if the non-urgent jobs carry greater rewards.
This cognitive bias reveals why we will rather respond to emails at the expense of meaningful work. Moreover, research shows...
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