I read about a study where Harvard grad students were offered $50k/year as a stipdend but they’d get half of their peers, or $25k/year but they’d get double the

I read about a study where Harvard grad students were offered $50k/year as a stipdend but they’d get half of their peers, or $25k/year but they’d get double their peers. People tended to choose the later. Happiness at least above some poverty threshold is relative to where you stand in relation to others. I would bet that JD wouldn’t have traded his life for mine no more than Bill agates would trade his to be an average joe in the year 2120.