Abstract Social agents and robots will require both learning and emotional capabilities to successfully enter society. This paper connects both challenges, by studying models of emotion generation in sequential decision-making agents. Previous work in this fifield has focussed on model-free reinforcement learning (RL). However, important emotions like hope and fear need anticipation, which requires a model and forward simulation. Taking inspiration from the psychological Belief-Desire Theory of Emotions (BDTE), our work specififies models of hope and fear based on best and worst forward traces. To effificiently estimate these traces, we integrate a well-known Monte Carlo Tree Search procedure (UCT) into a model based RL architecture. Test results in three known RL domains illustrate emotion dynamics, dependencies on policy and environmental stochasticity, and plausibility in individual Pacman game settings. Our models enable agents to naturally elicit hope and fear during learning, and moreover, explain what anticipated event caused this