My impression is that the elimination of memories greatly reduces the value of the experience.

People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.

The experiencing self lives in the moment; it is the one that answers the question, 'Does it hurt?' or 'What were you thinking about just now?' The remembering self is the one that answers questions about the overall evaluation of episodes or periods of one's life, such as a stay in the hospital or the years since one left college.

The 'Instagram Generation' now experiences the present as an anticipated memory

Lucky risk takers use hindsight to reinforce their feeling that their gut is very wise. Hindsight also reinforces others' trust in that individual's gut.

An executive might have a very strong intuition that a given product has promise, without considering the probability that a rival is already ahead in developing the same product.

There are some conditions where you have to trust your intuition.