Often, The Most Enjoyable Part Of An

When People Think Of The Outcomes Of Their Decisions, They Think Much More Short Term Than That. They Think In Terms Of Gains And Losses.

There's A Very Good Reason For Why Economics Developed The Way It Did, And That Is That In Many Situations, The Assumption That People Will Exploit The Opportunities Available To Them Is Very Plausible, And It Simplifies The Analysis Of How Markets Will Behave.

There Is A Huge Wave Of Interest In Happiness Among Researchers. There Is A Lot Of Happiness Coaching. Everybody Would Like To Make People Happier.

Mood Evidently Affects The Operation Of System 1: When We Are Uncomfortable And Unhappy, We Lose Touch With Our Intuition. These Findings Add To The Growing Evidence That Good Mood, Intuition, Creativity, Gullibility, And Increased Reliance On System 1 Form A Cluster. At The Other Pole, Sadness, Vigilance, Suspicion, An Analytic Approach, And Increased Effort Also Go Together. A Happy Mood Loosens The Control Of System 2 Over Performance: When In A Good Mood, People Become More Intuitive And More Creative But Also Less Vigilant And More Prone To Logical Errors.

The Evidence Is Unequivocal, There's A Great Deal More Luck Than Skill In People Getting Very Rich.