The riddle of experience vs. memory | Daniel Kahneman

1 Mar 2010 · 20 min
19:48

Daniel Kahneman explains why we're bad at thinking about happiness: we confuse the experiencing self, which lives moment to moment, with the remembering self, which keeps score. A colonoscopy study showed memories are dominated by peaks and endings, not the actual experience. Experienced well-being rises with income up to about $60,000 a year, then plateaus, but how you evaluate your life keeps climbing with money.

Questions this video answers

About three seconds.

About 600 million in a life; about 600,000 in a month.

In the 1990s.

About $60,000 per year (for Americans).

On the order of 600,000 respondents (described as more than half a million).

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