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TheOtherDave comments on Useful maxims - Less Wrong
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Totally not true. Things I actually do have far more salience. Things I don't actually do I usually don't even remember and if I do they certainly don't drag around much in the way of emotional weight. Perhaps my regret mechanism is different?
I expect that people who regret missed opportunities more than actual behavior have higher estimates of the expected value of hypothetical actions than people who don't. That is, they believe the X they didn't do would have been totally awesome, whereas the Xes they actually did do have various flaws and blemishes.