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Uploaded byVikram Bhaskaran
Why we do what we do
The document explores the relationship between happiness and the choices individuals make, emphasizing that while many actions are outside of our control, a small percentage of conscious choices significantly impact our lives. It discusses various biases and theories that influence decision-making, highlighting the complexity of predicting future happiness. Ultimately, it concludes that factors like pleasure, engagement, relationships, meaning, and accomplishments contribute to overall happiness, while genetics and beliefs also play a crucial role.
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Why we do what we do
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- 8. We do thingswe believe will make us happy ...(duh)
- 9. Actions... Not things It’snot our abilities that define who we are, but rather our choices that doesn’t seem right...
- 10. What are thethings we do... Desire: Ability: Stuff we CAN do (Stuff we end up doing) Stuff we Choice WANT to do
- 11. How much dowe control what we do? 42% 7% 5% 8% 28% 10% Social Societal Circumstantial Environmental Sub conscious Conscious
- 12. 95% of ouractions are things outside our control... But the remaining 5% makes all the difference!
- 13. So how dowe choose? U IL T Y IT
- 14. Utility Theory maximize u(money, time,effort) subject to: ey, time, effort) = bu dget f(mon
- 15. Choices = Preferences Complete Reflexive == = Transivitve = Continuous ~ = Monotonic Diminishing rate of substitution
- 16. Or more specifically (Gainsx winning - Loss x risk) Maximize gains, minimize loss
- 17. But what’s awin / lose? Gains are over rated Losses are subconsciously tied to the risk Your win is peanuts to me Gambler’s
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