Despite their alleged uselessness, we frequently encounter instances of counterfactual thinking in everyday-life situations. During the last two decades, psychologists
have examined this phenomenon and have been able to show that counterfactual thoughts about past (and, therefore, unchangeable) events can be useful for the thinker. This article retraces the effects of counterfactual thinking in everyday life and seeks to translate them into an academic context. Can counterfactuals produce similar analytical benefits in the sciences? And if so, what exactly are those benefits? After briefly examining the psychological aspects of counterfactual thinking, the article discusses its potential uses from a general scientific perspective before using counterfactual history as a concrete example. Eventually and for good measure, attention is drawn to the clear and present dangers associated with counterfactual thinking in an academic context