Happy and unhappy people differently perceive relative values among Olympic medals (i.e., Gold, Silver, and Bronze).
Happy people prefer the total-medal method (vs. the gold-first method) for the Olympic ranking more than unhappy people.
Happy people perceive more values of silver and bronze medals in relation to a gold medal than unhappy people.
The belief in the frequency-not-intensity principle mediates the effects of happiness on the relative values among medals.