Regret

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1 Types

August 31, 2024 3 min read Definitions

Guilt: A Psychological State Associated with Regret and Self-Blame

Psychology Emotions Guilt Regret Self-Blame Psychology Emotions

Exploring Guilt as a Psychological State, its Causes, Manifestations, Historical Context, and Related Terms

August 31, 2024 5 min read Definitions

Minimax Regret: Decision-Making Strategy

Decision Theory Economics Decision Making Uncertainty Opportunity Cost Strategies Regret

In decision theory, minimax regret is a rule for selecting a course of action under uncertainty that minimizes the maximal amount of opportunity loss, or regret, for every possible course of action across different states of nature or different realizations of uncertainty.