Wednesday, September 06, 2006


We either make ourselves happy or miserable. The amount of work is the same.
- Carlos Castenada


At Wed Sep 06, 05:09:00 PM PDT, Blogger Alan said...

Good point.

At Thu Sep 07, 10:10:00 AM PDT, Blogger jay are said...

great quote. I wonder if it's true. :)

At Thu Sep 07, 02:48:00 PM PDT, Blogger unca said...

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At Thu Sep 07, 02:55:00 PM PDT, Blogger unca said...

For what it's worth, the summary of this articles seems to simply state: hey, money can't buy happiness:

1: Proc Natl Acad Sci U S A. 2003 Sep 16;100(19):11176-83. Epub 2003 Sep 4.

Explaining happiness.

Easterlin RA.

Department of Economics, University of Southern California, Los Angeles, CA
90089-0253, USA.

What do social survey data tell us about the determinants of happiness? First, that the psychologists' setpoint model is questionable. Life events in the nonpecuniary domain, such as marriage, divorce, and serious disability, have a lasting effect on happiness, and do not simply deflect the average person temporarily above or below a setpoint given by genetics and personality. Second, mainstream economists' inference that in the pecuniary domain "more is better," based on revealed preference theory, is problematic. An increase in income, and thus in the goods at one's disposal, does not bring with it a lasting increase in happiness because of the negative effect on utility of hedonic adaptation and social comparison. A better theory of happiness builds on the evidence that adaptation and social comparison affect utility less in the nonpecuniary than pecuniary domains. Because individuals fail to anticipate the extent to which adaptation and social comparison undermine expected utility in the pecuniary domain, they allocate an excessive amount of time to pecuniary goals, and shortchange nonpecuniary ends such as family life and health, reducing their happiness. There is need to devise policies that will yield better-informed individual preferences, and thereby increase individual and societal well-being.

At Mon Sep 11, 01:15:00 PM PDT, Blogger blogball said...

What if you are in a concentration camp being tortured everyday?


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