Mind Your Money The Power of Regret as a Happiness Hack | Daniel Pink
Jul 8, 2023
Daniel Pink, author of several New York Times best-sellers, discusses the power of regret in decision-making and how it can be a dangerous liability. The speakers also explore the appeal of a new social media app called Threads as a refreshing alternative to Twitter and the inevitability of negativity on social media platforms. They discuss the therapeutic benefits of talking about regrets and the power of nostalgia in gaining a different perspective. Additionally, they delve into the concept of incremental improvement and the potential cost of striving for continuous improvement.
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The 10-Year Coolness Shelf Life
- People abandon platforms not because features broke but because they stop feeling new and cool after a long run.
- Morgan Pinkser argues nothing stays cool for more than about 10 years, so users seek novelty elsewhere.
Zero-State Novelty Drives Engagement
- Threads feels worse technically yet attracted far more time because it offered a fresh zero-state to experiment in.
- Early novelty and everyone resetting their norms drove dramatic early engagement.
Ad-Free Launch Gives Temporary Creative Space
- Threads launched ad-free and raw, giving users room to experiment before monetization changes behavior.
- The platform's future depends on feature rollout and how ads will alter the user experience.