Abstract:Human decisions are frequently explained as the balancing of potential rewards and punishments, such as food, money, or lost time. However, rational models of decision making based on this idea often fail to accurately predict human behavior. Humans and other animals appear to base decisions on value estimation that is often not clearly linked to extrinsic outcomes. For example, humans prefer to choose, even when doing so has no clear impact on impending rewards or punishments. Thus, choice opportunities may b… Show more
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