Tag: affective forecasting
8 posts tagged "affective forecasting".
The prediction of how we will feel in the future — and, notoriously, how badly we do it. People systematically overestimate the intensity and duration of their emotional reactions to both good and bad events, a bias the psychologist Daniel Gilbert documents in Stumbling on Happiness. Because we adapt far faster than we expect, the hedonic treadmill quietly resets us to baseline, undermining the intuitions that drive much of our pursuit of happiness. This failure of self-prediction is a cornerstone of behavioral economics and a recurring caution on this blog: the goals we chase often deliver less than the forecasting mind promises.
Posts:
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Time Travel for Pleasure and Profit
Our meatsack bodies slavishly plod along at the precise rate of one second per second.
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Goals Gone Wild
There’s a huge body of evidence that goal setting works, which is why everyone refuses to shut up about it. But could it be that goals are too powerful?
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Hiking the Himalayas in Flip-Flops
Hiking the Annapurna Circuit in New Zealand's national footwear seemed like it would be a hilarious jape. After 150km of ice, snow and scree, not so much.
Also mentioned in:
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Why Bitcoin is Not That Stupid
No, not even at these apparently ridiculous prices. Not even when financial illiterates are making grandiose claims about where it'll end up.
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Happiness is a Greased Pig Chase
Happiness is a greased pig chase: the harder you grab at it, the more it squirms away. Here's what the happiness research gets wrong about the good life.
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A Repository of Cool Stuff For People Who Are Somewhat Like Us
Trying to appeal to everyone at once is the death knell for writing, art, business, even dating. And it goes both ways: if you put bland, generic things into the world, that's what you get back.
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The Barbell Strategy for Buying Quality Stuff
The idea that buying high-quality stuff saves you money in the long run is overrated, but there's a way to get the best of both worlds.
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Specialization is For Insects
Developing broad interests and skills not only dovetails perfectly with the frugal life, but acts as a force multiplier that propels you towards your financial goals at blistering speed.
