Predicted outcome value theory
Okay kiddo, so let me tell you about the predicted outcome value theory.
Imagine you have a toy that you really like, and you really want to play with it. But your friend comes over and you have to decide whether to share your toy with them or keep it to yourself.
Now, you have to think about what might happen if you share your toy. Maybe your friend will be really happy and you'll have a good time playing together. Or maybe your friend will break your toy or not treat it well, and you won't have as much fun.
The predicted outcome value theory is all about how we make decisions like these. It says that when we're trying to decide whether to do something, we think about the possible outcomes and the value we place on each one.
So in the case of sharing your toy, you might think about the possible outcomes: your friend could have a great time with your toy and you both have fun, or your friend might break your toy and you won't have fun anymore.
Then, you'd think about the value of each outcome. Maybe having fun with your friend is really important to you and you'll do anything to have a good time. Or maybe you really love your toy and you don't want to risk it getting broken.
Based on all of that, you would make a decision about whether to share your toy or keep it to yourself.
So that's the predicted outcome value theory! Basically, it just means that we think about what might happen if we do something and how much we value each outcome before making a decision.
Imagine you have a toy that you really like, and you really want to play with it. But your friend comes over and you have to decide whether to share your toy with them or keep it to yourself.
Now, you have to think about what might happen if you share your toy. Maybe your friend will be really happy and you'll have a good time playing together. Or maybe your friend will break your toy or not treat it well, and you won't have as much fun.
The predicted outcome value theory is all about how we make decisions like these. It says that when we're trying to decide whether to do something, we think about the possible outcomes and the value we place on each one.
So in the case of sharing your toy, you might think about the possible outcomes: your friend could have a great time with your toy and you both have fun, or your friend might break your toy and you won't have fun anymore.
Then, you'd think about the value of each outcome. Maybe having fun with your friend is really important to you and you'll do anything to have a good time. Or maybe you really love your toy and you don't want to risk it getting broken.
Based on all of that, you would make a decision about whether to share your toy or keep it to yourself.
So that's the predicted outcome value theory! Basically, it just means that we think about what might happen if we do something and how much we value each outcome before making a decision.