One groundbreaking experiment was conducted by Daniel Kahneman, who won the 2002 Nobel Prize in Economics. Kahneman asked a group of volunteers to join a three-part experiment. In the ‘short’ part of the experiment, the volunteers inserted one hand into a container filled with water at 14°C for one minute, which is unpleasant, bordering on painful. After sixty seconds they were told to take their hand out. In the ‘long’ part of the experiment, volunteers placed their other hand in a different water container whose temperature was also 14°C. But after sixty seconds hot water was secretly
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