Counterfactual thinking is a concept in psychology that involves the human tendency to create possible alternatives to life events that have already occurred; something that is contrary to what actually happened. Counterfactual thinking is exactly as it states: ""counter to the facts."" These thoughts consist of the ""What if?"" and the ""If I had only..."" that occur when thinking of how things could have turned out differently. Counterfactual thoughts are things that could never possibly happen in reality, because they solely pertain to events that have occurred in the past.