Key terms

Question 1

Hedonic adaptation

Answer 1

Gloss loss (the happiness gloss of things we want wares off after a short while)

Question 2

Positive affect

Answer 2

Joy, good feeling

Question 3

Negative affect

Answer 3

Unhappiness, depression, stress

Question 4

Calculated consumption

Answer 4

Purchasing what I need, thinking ahead about it, cherishing it

Question 5

Conspicuous consumption

Answer 5

Purchasing for desires, to display how wealthy you are

Question 6

What’s worth spending money on?

Answer 6

Experiences rather than stuff!

Question 7

Choices

Answer 7

Overwhelm us, make us anxiously reconsider (and possibly regret) the choice we do make - decrease in happiness

Question 8

Two concepts of happiness

Answer 8

• Fleeting pleasure / enjoyment

- Enduring mood states - contentment, flourishing

Question 9

Happiness set point theory

Answer 9

• 40% of our happiness levels is genetically determined

- 60% is determined by environmental factors

Question 10

Experienced happiness

Answer 10

Happiness at the time of the event

Question 11

Remembered happiness

Answer 11

Reinterpretation of happiness we feel after the event

Question 12

Eudaimonia

Answer 12

Meaningfulness, the good life