How do you decide what restaurant to go to, which movie to see, what pants to wear today? And what about big and important decisions like what career-path to choose, where to settle down and buy a house or whether to have kids or not? To some extent every decision we make is based on predictions. We imagine what an evening at one restaurant would be like versus an evening at a different one and make our desicion based on where we imagine we will have more fun, get better food and other criteria.
Interestingly, there are some systematic mistakes we tend to make when we imagine such future events and this can lead us to making bad decisions…
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