Numerous studies on affective forecasting have demonstrated that people frequently underestimate their ability to adapt to adverse circumstances. But to date, these studies have not assessed people’s affective forecasts early in the experience of these new circumstances. We present two...

While most research shows increasing happiness across the adult life-span, there is a common and persistent misconception that happiness decreases with age. In two experiments, we found evidence to suggest that this age-happiness bias results in part from a biased search for exemplars in memory....

The paper addresses some limitations of the QALY approach and outlines a valuation procedure that may overcome these limitations. In particular, we focus on the following issues: the distinction between assessing individual utility and assessing societal value of health care; the need to...

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