Regret Minimization

Regret minimization framework is a framework used for decision making that is trying to reduce future regret. But regret comes from looking back. When we compare what we did with what we should have done. Of course, it wasn’t obvious at the time. But in hindsight it became clear what had to be done instead. One way to mitigate this is to look at people who have gone through this before and learn from those experience. Learning to listen to your intuition and gut feeling is also another trait to master. All the information, first-hand experience and second-hand experience is all broken down and distilled by your unconscious mind. This gut feeling is how it is trying to tell you what decision to take for a more favourable outcome.