What is the Emotion Economy?

The Feel-Good Switch: The Radical Future of Emotion For most of the last century, the study of emotions was not considered serious science. The problem was subjectivity. Science is objective, rigorously objective. Emotions, though, are internal states, so the only way to study them is through subjective inference (essentially asking people to report how they feel). But — because people lie, because we often misinterpret our emotions and because comparisons between subjects, that is the depth of my anger versus your anger, is impossible to measure—there’s no objective data to be found. Thus, until recently, the topic was taboo. ….[READ] Continue reading What is the Emotion Economy?

The technology bias

Overconfidence in New Technologies Can Influence Decision-Making Technological advances in recent decades have transformed most aspects of daily life, and technology now plays a major role in business and society. However, little is known about how perceptions of technology might influence decision-making. Now, University of Missouri researchers have shown that people tend to overestimate the likelihood of new technologies’ success; this overconfidence can influence important decisions, such as investment choices. “Technology has advanced to the extent that people may not understand how a particular technology works, but they do assume that it will work,” said Chris Robert, associate professor of … Continue reading The technology bias