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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The Effects of Undoing

More than two thirds, 69%, focused on a usual activity. The study wanted to find if there was a difference in the level of distress or the frequency for the item being undone. For those who were having counterfactual thoughts looked at omission versus commission and usual versus extreme events. Not one person in the study reported trying to undo the other driver's behavior.

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