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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Putting Too Much Focus on the Negatives Can Make a Big Difference

A study was published in 1995 on counterfactual thinking and undoing traumatic life events. The researchers were interested in how people think about traumatic events after they are over. In any interaction you have, it's important to know what may or may not be happening.

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