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Well, it might be the soulful line sung through the fogs of cigarette smoke and moody black and white cinematography, but ‘I regret nothing’ is an uncommon position for healthcare professionals and families to be in after making decisions. Regret, rather than maximised expected utility, seems to be the decision driver for lots of things and might explain why we sometimes make—and see made—some seemingly irrational decisions.
There’s a theory about this, which can be captured in the following two scenarios. …
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