4 ms·
I believe this study has been pretty thoroughly debunked. There is no known (statistical) upper bound to how much more money helps people’s happiness. It’s jus
by mercutio2 8y ago
I believe this study has been pretty thoroughly debunked.
There is no known (statistical) upper bound to how much more money helps people’s happiness. It’s just that it increases happiness logarithmically, and people are bad at reasoning about logarithmic growth.
Individual people may feel like they have enough, and not wish for more money, and that’s great. But when you look at happiness and satisfaction statistics (notably, not the same thing), the greater your windfall, the greater your long term happiness.
- anoncake 8y agoThe conclusion is the same though: Inequality means inefficiency if the goal is happiness.