Totally fair. It’s funny. I’m very aware of “income” and “wealth” being separate numbers, but I blend them together when it comes to “money vs. happiness” studies. Perhaps I shouldn’t! -Jesse
That's certainly correct. I think we agreed to remove that detail from this article. In fact, almost all of these studies use log(income), as follows from Kahneman's most famous work: prospect theory. -Jesse
The documentary "Happy People" is pretty eye-opening on this axis, Jack. It follows a hunter who spends most of his year completely alone in the Russian taiga. Lonely, cold, hungry, etc. A recipe for misery? Nope. This hunter is peachy keen. -Jesse
Thank you much! It's certainly a trend haha. Or, at the very least, we are somehow biased to find one another and then wired to think "Hey - a trend!" The more I get into the weeds of financial planning, though, and balancing all the various "if --> then" scenarios and interactions of tax law, investing accounts, etc, etc, etc, the more I'm aware thay an engineer's problem-solving training is perfect for this stuff. Jesse
Comments
Totally fair. It’s funny. I’m very aware of “income” and “wealth” being separate numbers, but I blend them together when it comes to “money vs. happiness” studies. Perhaps I shouldn’t! -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Awesome! I'm glad you enjoyed it, Andy. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you, Kevin! "Enough" is a challenge for many, many people. Kudos to you for finding it (or perhaps more important, recognizing it). -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
That's certainly correct. I think we agreed to remove that detail from this article. In fact, almost all of these studies use log(income), as follows from Kahneman's most famous work: prospect theory. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you! I'm glad you appreciated it. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Hmm. By your definitions, I think I'm talking about contentment.
Post: Happy Conclusion
Link to comment from May 15, 2024
Good for you, Jeff. I think you have a good perspective. Realizing your own luck is "the opposite of spoiled." It's a great thing. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Very much! Cheers Mike. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
The documentary "Happy People" is pretty eye-opening on this axis, Jack. It follows a hunter who spends most of his year completely alone in the Russian taiga. Lonely, cold, hungry, etc. A recipe for misery? Nope. This hunter is peachy keen. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you much! It's certainly a trend haha. Or, at the very least, we are somehow biased to find one another and then wired to think "Hey - a trend!" The more I get into the weeds of financial planning, though, and balancing all the various "if --> then" scenarios and interactions of tax law, investing accounts, etc, etc, etc, the more I'm aware thay an engineer's problem-solving training is perfect for this stuff. Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024