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Overestimating our future emotions
We overestimate the strength of our emotions in the future.
Studies show that people overestimated their happiness at winning and their disappointment at losing because they forgot all the other things that would happen in a day that would influence their mood.
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A lottery winner, for instance, won't spend every day celebrating their win. Nor will someone with a disabling accident spend all their time in shock.
When imagining either situation, we like to think that the feelings will be long-lasting. We forget that we will adapt and that the...
We are not very good at guessing how we'll feel in the future. In predicting how we will feel in the future, we commonly use the past experience as a guide.
But our brain favours the extreme and most recent events. We tend to focus on the main features of an event and les...
- When we have a decision to make, it is recommended to solicit the views of people who have had the experience you're considering.
- We can also ask the opinions of those around us since people tend to take a longer-term view when thinking about other people's choices.
- The k...
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It refers to how we predict our future emotions and how certain life events will affect them.
We’re generally pretty bad at it—and that impacts our productivity, our goal setting, and our overall happiness
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Historians exploring the past study documents, scriptures, stories of folklore, journals and letters, seeing the various perspectives about how people lived at that time.
Future historians will have tons of material to study the current age, as data is getting accumulated ...
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A common occurrence of heuristics in which we use an initial starting point as an anchor that is then adjusted to yield a final estimate or value.
Example: estimating the value of an object based on the common price of similar objects.
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