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.

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

The conclusion is straightforward : self-control requires attention and effort.

People are really happier with friends than they are with their families or their spouse or their child.

Most people are highly optimistic most of the time.

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.

The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.