Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts · chapter 6 · id thinking-in-bets-c6-09-mental-time-travel----the-abil
“Mental time travel -- the ability to project oneself forward or backward in time to evaluate decisions from a different temporal perspective -- engages different cognitive processes than present-focused thinking.”
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Mitchell, Russo & Pennington (1989), 'Back to the future,' Journal of Behavioral Decision Makingpaywalled · manual check queued
Temporal perspective -- setting an event in the past versus the future -- affects the nature of explanations generated. Prospective hindsight activates different cognitive processes than prospective prediction.
PMC (2012), 'Evidence for Hyperbolic Temporal Discounting of Reward in Control of Movements'source alive
There exists a single cost -- rate of reward -- which may provide a unifying principle governing both control of movements in timescales of milliseconds and decision making in timescales of seconds to years.
Social Cognitive and Affective Neuroscience (2014), 'The neural basis of belief updating'source alive
Measurements of electrocortical activity show evidence of extremely early commitment to heuristics. Temporal framing changes how the brain processes decision-relevant information.
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