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jpaulson comments on How can I spend money to improve my life? - Less Wrong Discussion

15 Post author: jpaulson 02 February 2014 10:16AM

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Comment author: jpaulson 03 February 2014 03:59:29AM 0 points [-]

The studies on income satisficing (past 75k, more money doesn't correlate with more happiness) certainly suggest that this is true.

But I'm still hoping it's not, and most people just haven't figured out how to buy happiness efficiently. Seems worth trying, at any rate.

Comment author: Jayson_Virissimo 03 February 2014 04:37:54AM 4 points [-]

The studies on income satisficing (past 75k, more money doesn't correlate with more happiness) certainly suggest that this is true.

And other studies suggest that it isn't.

Comment author: jpaulson 03 February 2014 04:46:26AM 1 point [-]

I think I saw that on LessWrong quite recently. That study is trying to refute the claim that income satisficing happens at ~$20k (and is mostly focused on countries rather than individuals). $20k << $75k.

Comment author: Jayson_Virissimo 03 February 2014 04:56:43AM 4 points [-]

When we analyze these data more formally in regressions we find no evidence of a significant break in either the happiness-income relationship, nor in the life satisfaction-income relationship, even at annual incomes up to half a million dollars.

Comment author: jpaulson 03 February 2014 05:14:07AM *  1 point [-]

OK, I believe there is conflicting research. There usually is. And as usual, I don't know what to make of it, except that the preponderance of search hits supports $75k as satisficing. shrug

Comment author: [deleted] 08 February 2014 09:58:14PM 0 points [-]

Certain people know how to spend money right and other don't, and for some reason different studies are biased towards different types of people?

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