Thinking - Emotional Ups and Downs We predict that we will...

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1 Emotional Ups and Downs Over the long run our emotional ups and downs tend to balance. Although grave  diseases can bring down individuals emotionally, in the long-run most everyone adapts. Courtesy of Anna Putt We predict that we will be happier if we get things we want than we in fact are. We predict we will be more unhappy if we lose something than we in fact are
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2 Wealth and Well-being Many people in the West believe that if they were  wealthier they would be happier. However, data  suggests that they would be happy temporarily.
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3 Wealth and Well-being 1. In affluent societies people with more money are  happier than people who struggle for basic needs. 2. People in rich countries are happier than people in  poor countries. 3. A sudden rise in financial condition makes people  happy. But people who live in poverty or in slums are also satisfied  with their life.
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4 Does Money Buy Happiness? Wealth is like health: Its  utter absence can breed  misery, yet having it is no  guarantee of happiness. 
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5 Students who valued love more than money report  higher life satisfaction. 
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6 Adaptation-Level Phenomenon:   Like adaptation to  brightness, volume, and touch, people get adapted to  income levels. “Satisfaction has a short half-life”  (Ryan, 1999).
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  • Spring '08
  • Schreier
  • Daniel Kahneman, Availability heuristic, life satisfaction, ivy league professor, affluent societies people

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Thinking - Emotional Ups and Downs We predict that we will...

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