So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
From Daniel Kahneman
If individuals are rational, there is no need to protect them against their own choices.
People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.
People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
When you analyze happiness, it turns out that the way you spend your time is extremely important.
We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
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