What is counterfactual thinking?
There are two types of counterfactual thinking: upward and downward counterfactual thinking.
SIMILAR ARTICLES & IDEAS:
Our moods and emotions play a powerful role in our behavioral choices and health.
Extensive studies show that sadness is related to tobacco use, with people wanting to puff away mor...
We surround ourselves with it: We tend to like people who think like us; if we agree with someone's beliefs, we're more likely to be friends with them.
This makes sense, but it means ...
It's a thinking mistake and it occurs when we confuse selection factors with results.
Professional swimmers don't have perfect bodies because they train extensively. Rather, they are good swimmers because of their physiques.
It plays on this tendency of ours to emphasize loss over gain.
The term sunk cost refers to any cost that has been paid already and cannot be recovered. The reason we can't ignore the cost, even though it's already been paid, is that we're wired to feel loss far more strongly than gain.