Rethinking Happiness

This is a must read!

"Income is even less important as a determinant of emotional happiness. Winning the lottery is a happy event, but the elation does not last. On average, individuals with high income are in a better mood than people with lower income, but the difference is about a third as large as most people expect.”

This is an instance of what Kahneman calls the focusing illusion — when we consider changes, we over-focus on the differences and ignore the things that stay the same. We think a shiny new Tesla automobile will improve us, but we don’t consider that we will still get stuck in traffic."


Want to receive more content like this in your inbox?