We Can't Live In A State Of

The Idea That The Future Is Unpredictable Is Undermined Every Day By The Ease With Which The Past Is Explained.

You Know, The Standard State For People Is 'mildly Pleasant.' Negative Emotions Are Quite Rare, And Extremely Positive Emotions Are Rare. But People Are Mildly Pleased Most Of The Time, They're Mildly Tired A Lot Of The Time, And They Wish They Were Somewhere Else A Substantial Part Of The Time - But Mostly They're Mildly Pleased.

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.

Nobody Would Say, 'i'm Voting For This Guy Because He's Got The Stronger Chin,' But That, In Fact, Is Partly What Happens.

This Is The Essence Of Intuitive Heuristics: When Faced With A Difficult Question, We Often Answer An Easier One Instead, Usually Without Noticing The Substitution.