Week 34 Day 5: Regret Aversion: The Fear of Being Wrong

Regret aversion makes you avoid actions that might lead to regret -- even when those actions have positive expected value. It is the voice that says 'what if it drops right after I buy?' and keeps you...

Regret aversion makes you avoid actions that might lead to regret -- even when those actions have positive expected value. It is the voice that says 'what if it drops right after I buy?' and keeps your money in cash earning nothing.