regret

Exerting Self-Control ≠ Sacrificing Pleasure

In the typical self-control experiment, participants are given a choice between a hedonic vice-food (e.g., chocolate) and a utilitarian virtue-food (e.g., fruit). Choosing the hedonic vice is interpreted as a self-control failure. We argue that self-control failures are better captured as choices that violate one’s long-term goals and induce regret. Accordingly, the consumption of hedonic food is not necessarily a self-control failure, and self-control does not necessarily entail a trade-off between pleasure and health. Our conceptualization has far-reaching consequences for consumers and policy-makers who try to help consumers exert self-control.

Balancing Motivational Orientations for Improved Goal Pursuit

Researchers have long maintained the importance of individual differences in motivational orientations for understanding personality and behavior. Recent findings suggest that strengthening and integrating four different motives in particular may make us better decision makers and more effective at achieving our goals.

Financial Decision-Making in Action

People's failure to act is an important problem discussed in behavioral economics and finance. But inappropriate action can also be detrimental. Find out more about the action bias in this post.

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