Learn more about personaldevelopment with this collection
How to find purpose and meaning in life
How to cultivate gratitude
Techniques for managing negative thoughts
The Results of the Reward Prediction Error Experiment
The happiness of the subjects did not depend on how large the rewards were. Instead, the momentary happiness depended on the outcomes of their expectations.
The process of learning how the experimented game worked made people feel good rather than the reward they won.
101
469 reads
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The Benefits of Learning
- Many people seek to learn as the opportunity arises even if the reward of the game isn't of any material value, that is why many people still enjoy playing sudoku amongst other things.
- The motivation to join in an intrinsically rewarding activity ...
111
526 reads
Reward Prediction Error
When we receive a reward for a job we've done, we always equate a certain amount of expectations and feelings of excitement towards the reward.
Reward prediction errors play a major role in learning because it helps us understand people's motivations behind certai...
106
581 reads
Seeking Happiness
- The pursuit to happiness has always been a never ending journey. It started even before the French philosophers came into the picture.
- From Aristotle to Bentham, they all argued that our subjective well-being is important. However, it has been proven that ...
126
861 reads
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The Benefits of Learning
- Many people seek to learn as the opportunity arises even if the reward of the game isn't of any material value, that is why many people still enjoy playing sudoku amongst other things.
- The motivation to join in an intrinsically rewarding activity ...
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...
End of the Gold Standard - March 3, 1933 - August 15, 1971
On March 3rd 1933, President Franklin D. Roosevelt closed all the banks in the U.S.A.
Banks held large amounts of Gold which were backing all the available U.S dollars. At those times there was a fixed exchange rate between U.S dollars and Gold.
Gold standard ended officially when pr...
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