Final answer:
The claim that positive emotional impacts fade quickly is false; emotions are complex and influenced by cognitive processes such as metacognition. Behavioral economics show that our reaction to emotional events, like gains and losses, is skewed by phenomena such as loss aversion.
Step-by-step explanation:
The statement that the emotional impact of dramatically positive events dissipates sooner than we might expect is False. To effectively respond to strong emotions, it is recommended to use metacognition tools to reflect on the source of those emotions and manage them appropriately. Understanding this concept is a part of the broader study of behavioral economics and psychology, which explains that our emotional responses to gains and losses are not always based on a strict cost-benefit analysis.
This can be seen in the phenomenon of loss aversion, where the emotional pain from a loss is disproportionately greater than the joy from an equivalent gain. Emotions play a significant role in shaping our behavior and responses to different situations, influencing actions such as the immediate response to assist others in times of crisis, like in the aftermath of the Boston Marathon bombing.