Terminology Service: SST: hedonic prediction and relativism

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... > research design > vignette > decision making > the psychology underlying decision making > hedonic prediction and relativism

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hedonic prediction and relativism

Definition

Standard decision theory assumes that when choosing between options that have the same costs, decision makers evaluate which option will deliver the highest expected outcome utility and choose that option. This is known as a consequentialist utility analysis method. [Source: Encyclopedia of Medical Decision Making; Hedonic Prediction and Relativism]

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the psychology underlying decision making

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https://concepts.sagepub.com/social-science/concept/hedonic_prediction_and_relativism

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