Regret Minimization

Regret minimization is a decision-making approach focused on choosing options that reduce future regret. It involves considering the potential disappointment or wish you might feel if a different choice would have been better. The goal is to make decisions that lead to the least possible regret in the long run, often by evaluating past outcomes and learning from them. This strategy helps balance risk and benefits, encouraging choices that align with long-term satisfaction and reducing the chances of feeling regretful about decisions made.