Psychopathy is associated with persistent antisocial behavior and a striking lack of regret for the consequences of that behavior. Although explanatory models for psychopathy have largely focused on deficits in affective responsiveness, recent work indicates that aberrant value-based decision making may also play a role. On that basis, some have suggested that psychopathic individuals may be unable to effectively use prospective simulations to update action value estimates during cost-benefit decision making. However, the specific mechanisms linking valuation, affective deficits, and maladaptive decision making in psychopathy remain unclear. Using a counterfactual decision-making paradigm, we found that individuals who scored high on a measure of psychopathy were as or more likely than individuals low on psychopathy to report negative affect in response to regret-inducing counterfactual outcomes. However, despite exhibiting intact affective regret sensitivity, they did not use prospective regret signals to guide choice behavior. In turn, diminished behavioral regret sensitivity predicted a higher number of prior incarcerations, and moderated the relationship between psychopathy and incarceration history. These findings raise the possibility that maladaptive decision making in psychopathic individuals is not a consequence of their inability to generate or experience negative emotions. Rather, antisocial behavior in psychopathy may be driven by a deficit in the generation of forward models that integrate information about rules, costs, and goals with stimulus value representations to promote adaptive behavior.psychopathy | counterfactual reasoning | affect | decision making | reward T he ability to establish, transmit, and enforce social norms is a signature of our species. Indeed, maintaining our uniquely high degree of stable, large-scale cooperation requires widespread norm compliance (1). However, although norm compliance is common, it is far from universal. Throughout history and across cultures, there have been those who would threaten social peace and community prosperity through their persistent violation of social norms. Psychopathic individuals, who exhibit a chronic and flagrant disregard for moral and legal norms, exemplify this type of person. Compared with nonpsychopathic individuals, they commit two to three times more violent and nonviolent crime and recidivate at a much higher rate (2). This persistent antisocial behavior comes at a high cost to society, with psychopathic individuals responsible for a disproportionate share of the estimated $2.34 trillion in annual costs associated with crime in the United States (3).Psychopathy is defined by a combination of superficial charm, blunted empathy and punishment sensitivity, shallow emotional experiences, persistent antisocial behavior, and marked sensation seeking and impulsivity (2). Whereas many of the behavioral and lifestyle features of this disorder (e.g., sensation seeking, criminal offending) are shared with other antisocial subtypes, psychopa...