Oddly Wired
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decision making

You avoid action to prevent the possibility of regret.

The omission bias is the tendency to judge harmful actions as worse than equally harmful instances of inaction.

In decision-making experiments, people often prefer to do nothing and let a negative outcome occur rather than take a risk that might lead to the same negative result. Regret is felt more acutely after an action than after silence.

You choose to do nothing not because it is safer, but because it feels like less of a mistake.

Where this comes from

Study
Ritov and Baron, 1990, Journal of Behavioral Decision Making
What the check found
The definition is accurate and matches the cited seminal work by Ritov and Baron (1990) as well as the provided reference material.
Confidence
Well replicated

Related

One of these every day, and every one names the study it came from. When a finding is contested, it says so.