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#531 - Russ Roberts - An Economist’s Guide To Life’s Big Decisions
Modern Wisdom
Reverse the Anxiety Cost With the Anticipation Effect
The opposite of the anxiety cost, which you can leverage to have more enjoyment in life is the anticipation effect. The goodness and badness of memories fade over time but the badness fades faster. Adam Mastrioni: Tragedy plus time equals comedy are the closest thing psychology has to a chemical equation.
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