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conchis comments on Post Your Utility Function - Less Wrong
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Why do people keep saying things like this? Intuition suggests, and research confirms, that there's a major diminishing returns factor involved with money, and acquiring lots of it can actually make people unhappy.
I want more money only to a degree, then I wouldn't want more. My utility function does not assign a positive, set value to money.
I was with you on diminishing returns, but that doesn't contradict the original claim. I haven't seen reliable research suggesting that more money actively makes people unhappy (in a broad-ish, ceteris paribus sense, so that e.g. having to work more to get it doesn't count as "money making you unhappy"). Could you point me to what you're referring to?