Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts · chapter 6 · id thinking-in-bets-c6-08-jeff-bezoss-regret-minimizatio
“Jeff Bezos's regret minimization framework -- projecting yourself to age 80 and asking what you'd regret not doing -- is a form of mental time travel that counteracts present bias in major decisions.”
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Fast Company, 'Jeff Bezos uses a simple framework for making big decisions'paywalled · manual check queued
Bezos describes projecting himself to age 80: 'When I'm 80, am I going to regret leaving Wall Street? No. Will I regret missing the beginning of the Internet? Yes.'
Aly Juma, 'The Regret Minimization Framework: How Jeff Bezos Made Decisions'source alive
Bezos first applied the framework in 1994 when deciding whether to leave D.E. Shaw to build Amazon. His boss gave him 48 hours to think, and Bezos used this temporal projection to clarify the decision.
Britannica Money, 'Regret Minimization Framework: How It Works & Strategies'source alive
The regret minimization framework involves imagining yourself at an advanced age and evaluating whether you would regret not having taken a particular action.
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