Regret Minimisation Framework
A Framework that helps us to make decision, as shared by Jeff Bezos.
The key is to reduce the amount of regret that you will face towards the end of your life.
Imagine that you are in the final years of your life and you are looking back in life. Would you regret the ‘life’ decision that you are about to make? Find the option or choice that will minimise the amount of regret that you will face, and take that choice.
That choice will be one that you will not regret or regret less, even if it fails.