Hedonic Adaptation - Deepstash
How To Become a Better Decision-Maker

Learn more about timemanagement with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

How To Become a Better Decision-Maker

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Hedonic Adaptation

We quickly return to a relatively stable level of happiness despite positive or negative external events. We pursue a promotion and believe it will make us happy. When we get it, we are temporarily happier, only to get back to our baseline levels the next week.

How to overcome it:

  • Set many smaller goals instead of one big one that can only give you a one-time bump in happiness.
  • Enjoy the process, not just the outcome. If you're trying to lose weight, savour the satisfaction of feeling fitter, not just hitting your ideal weight.
  • The outcome won't make you happier, but the act of showing up regularly can.
  • Pursue strong social connections. Studies find that it is the strongest predictor of long-term happiness.

1.18K

2.45K reads

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We All Tend To Make The Same Mental Mistakes

We All Tend To Make The Same Mental Mistakes

Economists used to believe that people will always choose the option that maximizes their well-being. But people act against their rational self-interest all the time.

We procrastinate and eat junk food and say yes to the things we don't have time for. Two Israeli psycholo...

1.19K

6.85K reads

The Zeigarnik Effect

This effect describes our tendency to remember incomplete or interrupted tasks better than completed tasks. Each unfinished task takes up some of your attention, splitting your focus. It also interferes with your sleep.

What you can do about it:

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3.68K reads

The Mere Urgency Effect

This bias addresses why we do unimportant tasks we think are time-sensitive over tasks that are not time-sensitive, even if the non-time-sensitive tasks provide greater rewards.

How to overcome this bias:

  • Use the Eisenhow...

1.32K

4.9K reads

The Sunk Cost Fallacy

We want to finish what we've started because of previously invested resources, even if it is better to quit and use our limited resources elsewhere for better returns.

What you can do about it:

  • Every decision has two costs...

1.17K

2.57K reads

Present Bias

We tend to choose a smaller, immediate reward over a larger reward in the future. For example, playing video games is more enjoyable than writing or coding or designing.

What you can do about it:

  • Help your future self...

1.21K

2.35K reads

Complexity Bias

We are inclined to believe that complex solutions and explanations are better than simple ones. The perception of complexity often leads to avoidance.

What you can do about it:

  • Instead of seeking to understand a concept fully,

1.14K

2.29K reads

The Planning Fallacy

We tend to underestimate the time it will take to complete a future task despite knowing that previous tasks have taken longer.

What you can do about it:

  • Break projects down into smaller parts and estimat...

1.21K

2.91K reads

CURATED FROM

CURATED BY

ethho

I wish I knew about the 80/20 rule much earlier.

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Hedonic adaptation

Hedonic adaptation refers to our desire to quickly return to a relatively stable level of happiness after a positive or negative change.

When we get a promotion or buy a new television, we may be happy for a while but will gradually grow accustomed to the choice and p...

Hedonic adaptation

It explainsย our tendency as human beings to chase happiness, only to return back to our original emotional baseline after getting what we want.ย 

We run on a hedonic treadmill, and get nowhere, despite exerting massive effort along the way.

Hedonic adaptation

Hedonic adaptation

It is the tendency to go back to your normal level of happiness after a positive or a negative event.

We work toward a promotion or a specific number of followers on Twitter because we think it will make us happy. But when we reach our goals, we are satisfied for a short t...

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