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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Do You Have Counterfactual Thinking?

In a recent study, researchers interviewed people who had not been present when their loved ones were involved in car accidents. In all cases, the accident had taken place four to seven years prior to the interview. Researchers found that over half of the respondents spontaneously reported wishfully thinking about undoing the event and what had happened.

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