There's a crucial bit of context missing from the question. The opposite of right ISN'T wrong. Giving up being right doesn't equal admitting that you're wrong. You don't have to be wrong to be happy.
I'll tell you all day long that I'd rather be happy than right. But if you actually watch me in operation, it just isn't so--and I'm in no way unique about that. Human beings would rather be right than happy. It's a universal.
In the moment when you're making that choice, though, if you can remind yourself of the absurdity of it, you can chose a different path. That's the power of this question. Discussing it beforehand in the abstract really makes no real difference--its power is in its ability to make us reconsider our actions right in the moment when we're choosing being right over being happy.
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