Regret Minimization Framework & Decision Making
Chapter 1

The bliss of what we never knew

Chapter 2

The leap of faith

Chapter 3

The sting of the empty space

Chapter 4

The trap of comparison

YOUR GOAL

Master of The grass is always greener and other brain lies

Ch 2 · The leap of faith
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007skaty The multi-armed bandit problem is a mathematical model for making decisions.

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007skaty The Leap of Faith

Take the dancer's leap Take the dancer's leap We only know when we land

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We regret the risks we didn't take far more than the mistakes we made.

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007skaty The pain of omission bias shapes how human memory processes regret.

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The pain of omission bias

007skaty Psychologists Thomas Gilovich and Victoria Medvec explain how omission bias shifts our regrets from short-term failures to long-term

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The regret minimization framework

007skaty A charismatic portrait of Jeff Bezos displaying his regret minimization framework principles

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Flip of Faith
BETA

007skaty Flip the mystery cards to discover how taking a chance reveals what you almost missed.

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Fun Fact

Regret minimization: Jeff Bezos used a mental model of his 80-year-old self to decide to start Amazon, realizing he would only regret the things he didn't try.

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Gossip

Which major risk would you rather take right now?

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Quiz

What investment firm did Jeff Bezos leave in 1994 to pursue his internet startup?

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007skaty The decision-making strategy known as the regret minimization framework

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Quiz

What is the scientific term used to describe the evolutionary fear of trying new foods?

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007skaty The evolutionary conflict behind our fear of trying new foods.

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Quiz

Who coined the famous term 'the omnivore's dilemma' in academic literature in 1976?

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Quiz

In decision theory, what is the term for choosing a known, reliable reward over exploring new options?

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Quiz

What psychological bias makes us feel worse immediately about bad results from taking action versus doing nothing?

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Quiz

During which historical conflict was the multi-armed bandit probability problem first developed?

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Quiz

Which entrepreneur used the regret minimization framework in 1994 to decide to start Amazon?

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Quiz

According to Gilovich and Medvec's 1995 research, what percentage of long-term regrets stem from inaction?

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