The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

68. Counterfactual Thinking: Why We ‘What If’ And ‘If Only’ (A Behavioral Economics Foundations Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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How Do You Use Counterfactual Thinking?

Think about times where you've gotten hung up in counterfactual thinking. Was it an omission or a commission? You wish you had done something or you hadn't. Rumination is just a replay without those counterfactuals. We tend to focus our counterfactual thoughts on ourselves more than we look at the actions of others.

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