This article deals with the rationality and functionality of the existence of regret and its influence on decision making. First, regret is defined as a negative, cognitively based emotion that we experience when realizing or imagining that our present situation would have been better had we acted differently. Next, it is discussed whether this experience can be considered rational and it is argued that rationality only applies to what we do with our regrets, not to the experience itself. Then, research (...) is reviewed showing that both the anticipation of future regret and the experience of retrospective regret influence behavior. The influence of anticipated regret can be considered rational as long as the decision maker can accurately predict the regret that may result from the decision. The influence of experienced regret cannot be considered rational, since decisions should be based on future outcomes, not historical ones. However, influence of experienced regret can be called functional since it may result in increased learning from our mistakes. (shrink)

According to Sider’s stage theory a subject about to undergo personal fission should expect to experience each outcome simultaneously as distinct persons. How is the subject to make sense of this ? I argue that their most paradigmatically self-interested future-directed behaviour, betting for personal gain, ought to be exactly the same as in equivalent games of chance where the possible outcomes correspond to the fission output branches. So this novel form of expectancy, albeit strange, can be a reliable guide to (...) action. (shrink)

Some analyses of personal fission suggest that an informed subject should expect to have a distinct experience of each outcome simultaneously. Is rational provision for the future possible in such unfamiliar circumstances? I argue that, with some qualification, the subject can reasonably act as if faced with alternative possible outcomes with precise probabilities rather than multiple actual outcomes.

Empirical findings suggest that temptation causes agents not only to change their desires, but also to revise their beliefs, in ways that are not necessarily irrational. But if this is so, how can it be rational to maintain a resolution to resist? For in maintaining a resolution it appears that one will be acting against what one now believes to be best. This paper proposes a two-tier account according to which it can be rational neither to reconsider the question of (...) what one is going to do nor the question of what it is best to do; hence in the resolute agent the change in belief is not actual but merely potential. Various reasons are given for thinking that the resulting account is preferable to an alternative given by Bratman. (shrink)

Moral theory has mostly focused on idealized situations in which the morally relevant properties of human actions can be known beforehand. Here, a framework is proposed that is intended to sharpen moral intuitions and improve moral argumentation in problems involving risk and uncertainty. Guidelines are proposed for a systematic search of suitable future viewpoints for hypothetical retrospection. In hypothetical retrospection, a decision is evaluated under the assumption that one of the branches of possible future developments has materialized. This evaluation is (...) based on the deliberator’s present values, and each decision is judged in relation to the information available when it was taken. The basic decision rule is to choose an alternative that comes out as morally acceptable (permissible) from all hypothetical retrospections. (shrink)