Biased Forecasting of Postdecisional Affect

Although anticipated postdecisional regret is a significant contributor to people's decision-making processes, the accuracy of people's regret forecasts has yet to be assessed systematically. Here we report two studies to fill this lacuna. In Study 1, we found that subjects who made reasonably high offers overpredicted the regret that they experienced after they unexpectedly failed at a negotiation. In Study 2, we found that subjects...