A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.

It was always assumed I would be a professor. I grew up thinking it.

I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.

The psychologist, Paul Rozin, an expert on disgust, observed that a single cockroach will completely wreck the appeal of a bowl of cherries, but a cherry will do nothing at all for a bowl of cockroaches.

We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.

When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.

There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.