The experience of regret: what, when, and why.

By Thomas Gilovich, V. Medvec. 1995

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Citations in the corpus

Counterfactuals in Explainable Artificial Intelligence (XAI): Evidence from Human Reasoning (2019, background): “…looked more unhappy at the moment they realized they had won silver - presumably they could imagine the better outcome of winning gold, compared to bronze medalists when they realized they had won bronze - presumably they could imagine the worse outcome of not winning a medal [Medvec et al., 1995].”
Unpacking perceived control in risk perception: The mediating role of anticipated regret (2007, background): “Regret is an unpleasant emotion that is said to be experienced when, (1) an obtained outcome compares negatively to a possible other outcome and (2) there is a sense of personal responsibility over obtaining the negative outcome (Gilovich & Medvec, 1995).”
Opportunity Cost Neglect (2009, background): “As noted by Gilovich and Medvec (1995) in their landmark article on regret, the passage of time impedes our ability to track the cost of a previous action, and the opportunity costs of past expenditures may be neglected even more than the opportunity cost of present expenditures.”
Self-determination. The tyranny of freedom. (2000, unknown): “As a result of this disengagement , many of the psychological processes that normally are recruited to enhance the attractiveness of the choices one makes may not be used (see Gilovich & Medvec, 1995, for an account of some of these processes in the context of a theory of regret).”
Option Attachment: When Deliberating Makes Choosing Feel Like Losing. (2003, background): “…concept introduced here broadens what is known about negative experiences associated with consumer choices, complementing the extensive literature on consumer regret (e.g., Connolly, Ordo´n˜ez, and Coughlan 1997; Gilovich and Medvec 1995; Inman and Zeelenberg 2002; Tsiros and Mittal 2000).”
Give them what they want: The benefits of explicitness in gift exchange (2011, background): “For example, Gilovich and Medvec (1995) found that people tend to regret actions more than inactions in the short term, but the opposite is true in the long term.”
Choice overload: A conceptual review and meta-analysis (2015, result): “Indeed, our data show that regret, as an operationalization of individuals' decision goal, was a particularly strong driver of choice overload—a finding consistent with the fundamental role of regret in self-regulation (Gilovich & Medvec, 1995; Simonson, 1992).”
The Functional Theory of Counterfactual Thinking (2008, background): “For this reason, additive counterfactual thinking often involves more creativity, more consideration of novel options (Gilovich & Medvec, 1995; Markman et al., 2007; Roese & Olson, 1995b).”
A Theory of Regret Regulation 1.0 (2007, background): “In a seminal article on regret, Gilovich and Medvec (1995) referred to the finding that actions produce more regret than inactions as “the clearest and most frequently replicated finding in the entire literature on counterfactual thinking” (p. 380).”
The illusion of courage in social predictions: Underestimating the impact of fear of embarrassment on other people ! (2005, background): “And fear of embarrassment is one reason why regrettable inactions are more durable than regrettable actions (Gilovich, Kerr, & Medvec, 1993; Gilovich & Medvec, 1995 ).”