What does research about experienced well-being learn us? – Chapter 37
Research about well-being revolves around one survey question, which was considered a measure of happiness and was addressed to the remembering self: “All things considered, how satisfied are you with your life as a whole these days?” In his experiments, Kahneman found that the remembering self was not the best witness, so he decided to focus on the well-being on the experiencing self.
There are numerous experiences we would prefer to continue instead of stop, including psychical and mental pleasures. Example are being in a ‘flow’ (absorbed in a task) and playing with toys. The resistance to interruption is an indicator of having a good time.
Together with other specialists Kahneman developed a measure of the well-being of the experiencing self. Experience sampling seemed a good option, but it is burdensome and expensive. This led to the development of the ‘Day Reconstruction Method’ (DRM). Most moments in life can be classified as ultimately negative or positive. The American participants experienced negative feelings approximately 19% of the time. This percentage is called the U-index. The advantage of the U-index is that it is not based on a rating scale but on an objective measurement of time. It can also be computed for activities.
A remarkable finding was the extent of inequality in the distribution of emotional pain. Half of the participants went through a whole day without experiencing unpleasant episodes. A significant number of participants experienced negative feelings for a big part of the day. This suggests that a minority of the population does most of the emotional suffering.
The mood of people at any moment depends on their overall happiness and temperament. Emotional well-being also fluctuates over the week and day. The mood of the moment depends mostly on the current situation. Situational factors are the most important. We are usually focused on our current activities and environment, but sometimes the quality of subjective experience is dominated by recurrent thoughts (being in love, grieving). However, in most cases we draw pain and pleasure from what currently is happening.
The findings have implications for society and individuals. People have some control over their use of time. A number of people could arrange their lives to spend more time doing things they like and less time doing things that make them unhappy. Some aspects of life have more effect on the evaluation of someone’s life than on the experience of living, like educational attainment. Bad health, living with children and religious participation have a stronger adverse effect on experienced well-being than on life evaluation. Does money make us happy? Being poor is depressing and being rich is satisfying, but having a lot of money does not improve experienced well-being.
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Summary of Thinking, Fast and Slow by Kahneman - 1st edition - bundle
- What is the book 'Thinking, fast and slow' by Kahneman about?
- What distinguishes fast and slow thinking? - Chapter 1
- How do fast and slow thinking deal with effortful tasks? - Chapter 2
- How does the 'lazy control' of slow thinking work? - Chapter 3
- How does the 'associative machinery' of fast thinking work? - Chapter 4
- When is your mind at ease? - Chapter 5
- How does your mind deal with surprises? - Chapter 6
- Why do people so often jump to conclusions? - Chapter 7
- How are your judgments formed? – Chapter 8
- How do you generate an intuitive opinion on a complex problem? – Chapter 9
- When should researchers be more suspicious of their statistical intuitions? – Chapter 10
- How do unknown quantities enhance bias in your mind? – Chapter 11
- How do unknown frequencies enhance bias in your mind? – Chapter 12
- How do risk and availability enhance bias in your mind? - Chapter 13
- How do you prevent false intuitive judgement? - Chapter 14
- How is fallacy formed in you mind? - Chapter 15
- How does causally connected storytelling enhance bias in you mind? - Chapter 16
- How does causal interpretation enhance bias in you mind? - Chapter 17
- How can you tame and correct your intuitive predictions? - Chapter 18
- Why is every success story you read or hear often wrong? - Chapter 19
- How does the illusion of validity make you overconfident in your ability to predict the future? - Chapter 20
- How can you use statistics to correct intuitions? - Chapter 21
- When do your judgments reflect true expertise? – Chapter 22
- What is the importance of the 'outside view' versus the 'inside view' for your judgements? – Chapter 23
- What is the best remedy for overconfident optimism? – Chapter 24
- How does your valuing relate with actual value? – Chapter 25
- Why is 'Prospect theory' better than 'Utility theory' in understanding the evaluation of financial outcomes? – Chapter 26
- Why is 'Prospect theory' better than 'Utility theory' in understanding the endowment effect of valuing valuables? – Chapter 27
- How is your decision-making affected by avoiding a loss and achieving a gain? – Chapter 28
- How is your decision-making affected by the value you attribute to losses, gains and wealth? – Chapter 29
- How is your decision-making affected by rare events? – Chapter 30
- How can you remedy the exaggerated caution evoked by loss aversion and the exaggerated optimism of the planning fallacy? – Chapter 31
- How do you keep mental account of gains, losses and regret? – Chapter 32
- When do preference reversals occur? - Chapter 33
- How is your decision-making affected by words that induce emotion? - Chapter 34
- How can our memory affect our judgments of experiences? - Chapter 35
- How does our memory affect our choices? - Chapter 36
- What does research about experienced well-being learn us? – Chapter 37
- How does your thinking affect your experience of happiness? – Chapter 38
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Summary of Thinking, Fast and Slow by Kahneman - 1st edition - bundle
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- Book title: Thinking, Fast and Slow
- Author: Kahneman
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