Why are bronze medalists happier than silver medalists? It’s because silver medalists regret missing the gold while bronze medalists are happy to win any medal at all, says Professor Rakesh Sarin. Happiness, he says, depends on how the reality of life compares with a person’s expectations.
Sarin says happiness can be quantified and measured. He presents the equation, “Happiness = Reality - Expectations,” and offers strategies for making choices that increase happiness.