A founding father of behavioral economics reveals the hidden logic of negative emotions with a clarity and humor that make our worst feelings strangely easier to bear.

Every age has its illusions. Ours is that happiness is the natural human condition. Behavioral economist George Loewenstein argues the opposite: that our lives are inextricably shaped by the darker emotions we spend so much time trying to avoid.

In The Opposite of Happiness, he draws on decades of influential researchas well as insights from literature and from his own life experiencesto offer a tour de force reexamination of the role negative emotions play in our lives: why pain is stickier than pleasure, how the modern world makes bad feelings worse, and why our attempts to escape misery usually only sharpen its sting. Those who struggle to find and sustain happiness are not unlucky or flawed, he argues, but merely human, suffering the slings and arrows of an inherently negative nature. This knowledge comes, however, not as a bitter pill but as much-needed solace for anyone navigating the frustrations and heartbreaks of modern life.

In this fascinating deconstruction of negative emotions and their behavioral consequences, Loewenstein explains how features of our mind, like memory, attention, and self-esteem, conspire to keep us down. He reveals the downside of supposedly uplifting feelings like hope, and untangles misery's intertwined forms: guilt and shame, jealousy and envy, loneliness and depression, impatience, boredom and regret. Drawing from a first-of-its-kind Misery Survey, Loewenstein shares participants' stories about, and insights into, the diversity of negative emotions that collectively weigh us down.

Providing a provocative and refreshing counter argument to the self-help industry, The Opposite of Happiness shares a sobering, deeply human, and ultimately comforting truth: The sooner we understand our negative natures, the sooner we will stop feeling guilty about failing to achieve lasting bliss, and the better connected we will be to others who share the same, or their own unique mix of, negative emotions.

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein''s introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O''Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

A founding father of behavioral economics reveals the hidden logic of negative emotions with a clarity and humor that make our worst feelings strangely easier to bear.

Every age has its illusions. Ours is that happiness is the natural human condition. Behavioral economist George Loewenstein argues the opposite: that our lives are inextricably shaped by the darker emotions we spend so much time trying to avoid.

In The Opposite of Happiness, he draws on decades of influential researchas well as insights from literature and from his own life experiencesto offer a tour de force reexamination of the role negative emotions play in our lives: why pain is stickier than pleasure, how the modern world makes bad feelings worse, and why our attempts to escape misery usually only sharpen its sting. Those who struggle to find and sustain happiness are not unlucky or flawed, he argues, but merely human, suffering the slings and arrows of an inherently negative nature. This knowledge comes, however, not as a bitter pill but as much-needed solace for anyone navigating the frustrations and heartbreaks of modern life.

In this fascinating deconstruction of negative emotions and their behavioral consequences, Loewenstein explains how features of our mind, like memory, attention, and self-esteem, conspire to keep us down. He reveals the downside of supposedly uplifting feelings like hope, and untangles misery's intertwined forms: guilt and shame, jealousy and envy, loneliness and depression, impatience, boredom and regret. Drawing from a first-of-its-kind Misery Survey, Loewenstein shares participants' stories about, and insights into, the diversity of negative emotions that collectively weigh us down.

Providing a provocative and refreshing counter argument to the self-help industry, The Opposite of Happiness shares a sobering, deeply human, and ultimately comforting truth: The sooner we understand our negative natures, the sooner we will stop feeling guilty about failing to achieve lasting bliss, and the better connected we will be to others who share the same, or their own unique mix of, negative emotions.

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein''s introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O''Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.