Buyer's remorse refers to the regret or anxiety that a person may feel after making a significant purchase, often due to cognitive dissonance. This phenomenon is common in both consumer and business purchases.
Cognitive dissonance is a psychological theory that explains the mental discomfort experienced by a person who holds two or more contradictory beliefs, values, or attitudes, especially when their behaviors contradict these beliefs.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.