Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics

by Gary Belsky

This was notably demonstrated by Daniel Kahneman and David Schkade in 1998, in a paper that might have been called “The Grass Is Always Greener in California Even Though It’s Not.” (In reality, it was titled “Does Living in California Make People Happier? A Focusing Illusion in Judgments of Life Satisfaction.”)