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I'm also in the position of feeling regret over selling stock to diversify that I would have been much better off holding on to. Even though I understand why lo
by jebarker 3y ago
I'm also in the position of feeling regret over selling stock to diversify that I would have been much better off holding on to. Even though I understand why logically I shouldn't feel bad, it feels like I made a mistake. I assume Kahneman and Taversky could tell me the particular mental bias that makes this happen whether you sell and it goes up or hold and it goes down, i.e. it feels more like a loss because you already held the key to the gain. Loss aversion maybe?
- stouset 3y agoI feel like there's some structural similarities to the trolley problem. With hindsight, inaction (not pulling the lever) would have had the better outcome but you explicitly intervened. This is more painful than a similar situation where the default was reversed and where you would have explicitly had to act to buy those same shares with cash.