So GFY1 is for good things, like happiness and fun, and GFY2 is for not-so-good things, like frustration or sadness

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Oh I see, so let's say one basis could be "happiness/sadness" the more positive the happier, the more negative the sadder. Then each life decision is like a vector with some component along that basis, as well as along others like "satisfaction/frustration", and the set of life decisions adds up to your "resultant" GFY vector in some kind of emotional state space.