THE VALUE OF FORESIGHT: HOW PROSPECTION AFFECTS DECISION-MAKING

The value of foresight: how prospection affects decision-making

Traditional theories of decision-making assume that utilities are based on the intrinsic value of outcomes; in turn, these values depend on associations between expected outcomes and the current motivational state of the decision-maker.This view disregards the fact that humans (and possibly other animals) have prospection abilities, which permit an

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