« Losing the cuture of liberty | Main | Hierarchy, markets and innovation »

February 01, 2007

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451cbef69e200d834df7cbb53ef

Listed below are links to weblogs that reference Money & happiness: an experiment:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

james C

Title of the paper-the bleeding obvious

dearieme

It's not an "experiment" at all. It's a mere observation.

ChrisA

Here is another example to show that money does buy happiness. According to the paper below East Germans life satisfaction increased by 20% after reunification, largely due to their increased incomes. Although the paper does not discuss this, this was despite increased inequality (I say this as East Germany was considerable poorer than the West before re-unification).

http://www.socialpolitik.de/tagungshps/2004/Papers/Haisken.pdf

Meh

ChrisA is neglecting the change in political system, which might have made some feel better... just maybe... if only by second order effects...

The big issue is that Chris points to the very variable we most need worry about in the "experiment." If you're poor or even if you're not, but have a mortgage hanging over you that the lottery win pays off, then the extra money makes a radical difference to the amount of autonomy in your life. This could affect happiness.

ChrisA

Meh

The paper attempts to control for the changes in freedom etc.

Chris

Maynard Handley

The various workers in this field have repeatedly told us that, in this exact situation, after some time the lottery winners are NOT happier. I've seen this in at least two books and heard it in at least five lectures, all by apparently professional academics.

So WTF is going on here?

I have no stake in the answer either way; but I would like to hear a justification for how researchers can come to two completely contradictory results for the exact same situation.

Dipper

An interesting experiment would be to take a generally un-materialistic un-competitive nerdy group of people such as mathematicians and scientists, throw humungous amounts of money at them, and see if it makes them happy.

Fortunately (for me anyway) that’s exactly what’s been happening in the City in recent times. A rigorous scientific survey of a few workmates drew the following conclusion; yes it makes us very happy thanks very much. And the control group (academics) are still the same miserable whinging rabble they always were.

More intriguing is why it makes them/us/me happy. They still don’t spend much, so its not because it satisfies some inner need for Porsches and gold swiss watches. Its probably to do with elevated social status and removal of worries.

Another intriguing observation is that no matter how much money you give mathematicians they are still incapable of buying clothes that fit.

dearieme

Cheeky bugger, Dipper. I'll have you know that when I left a lectureship, the students complimented me on the way in which I'd searched a whole city to find a pair of trousers that fitted perfectly. And then, they said, bought a pair two sizes bigger.

Dipper

I could have let you have a pair of mine (never worn - wrong size).

yqmvwpnol yhwfxlmiz

prjmg vbtw aqvhwfskb lprea alfbtsij qfpa ijzdycrf

The comments to this entry are closed.

Why S&M?

Blog powered by Typepad