Subjective Gains and Losses

Subjective Gains and Losses

"Outcomes that are better than the reference points are gains. Below the reference point they are losses."   Daniel Kahneman writes extensively about our subjective experiences of the world in his book Thinking Fast and Slow and about how those subjective experiences can have very serious consequences in our decisions, political stances, and beliefs about … Continue reading Subjective Gains and Losses

Imaginary Reference Points

Imaginary Reference Points

My last post was about reference points and how they can create subjective experiences that differ from person to person. If my refence point is dramatically different than another person's, then our experience of the same objective fact or reality can be quite different. If I suddenly won $1 million dollars my life might change … Continue reading Imaginary Reference Points

Subjective Reference Points

Subjective Reference Points

One reason why we will never be able to perfectly understand other people and the opinions, decisions, and beliefs that other people hold is because we all have different reference points. I cannot be inside your head, I cannot see things from exactly the same angle that you see things, and I cannot have the … Continue reading Subjective Reference Points