Regret can be defined as recognizing that one has made a mistake and could have made a better decision. This takes two forms: changing one’s ways in order to fix the mistakes made and making long-term changes in the evaluation of events in order to…
In gambling, the use of anticipated regret has been explored in some studies. A study by Tochkov (2009) investigated the role of anticipated regret in situations of problem and social gambling. This study examined the relationship between anticipated regret and the risk preferences of problem…
Introduction Regret and counterfactual thinking have a great impact on several domains of a human’s existence, including emotional well-being, decision making, behavior regulation and mental health. This has made the mentioned topics widely studied across different demographics and cultures over the past decades. Regret refers…
Written in 1843 by Charles Dickens, across five staves, A Chistmas Carol depicts the mean-spirited and miserly character of Ebenezer Scrooge, who is haunted by four spirits, in an attempt to transform him into a kinder; more charitable man. On a surface level, the First…
At one point or the other in our lives, we have had reasons to regret certain actions. Regrets often occur when we are faced with the consequences of our actions and felt we should have acted differently. The truth is, if we know better, we…
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