FYI: One of the hardest parts of the decision-making process in any endeavor stems from the fact that there are no counterfactuals. You can’t simply run a simulation and create a decision tree to show how different decisions and variables would affect the outcomes of each and every big decision you make.
This leads to what psychologist David Bell calls decision regret. In terms of our finances, this occurs when we focus on what might have been if we would have made a different decision with our money.
Regards,
Ted
http://awealthofcommonsense.com/2018/02/decision-regret/
