available at: http://www.sciencemag.org/cgi/reprint/312/5782/1908.pdf

Would You Be Happier If You Were Richer? A Focusing Illusion

Daniel Kahneman, Alan B. Krueger, David Schkade, Norbert Schwarz, Arthur A. 
Stone

The belief that high income is associated with good mood is widespread but 
mostly illusory. People with above-average income are relatively satisfied 
with their lives but are barely happier than others in moment-to-moment 
experience, tend to be more tense, and do not spend more time in particularly 
enjoyable activities. Moreover, the effect of income on life satisfaction 
seems to be transient. We argue that people exaggerate the contribution of 
income to happiness because they focus, in part, on conventional achievements 
when evaluating their life or the lives of others.

________________________________________________
Adam P. Coutts
Post-doctoral fellow
Center of Society, Human Development and Health,
Harvard School of Public Health,
677 Huntington Avenue,
Boston, MA 02115-6096

http://www.esrcsocietytoday.ac.uk/ESRCInfoCentre/Minisite/adamcoutts/index.html

UK address:
Magdalene College,
University of Cambridge,
CB3 0AG.
email: [log in to unmask]

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