Clearer Thinking with Spencer Greenberg Spencer on The 80,000 Hours Podcast discussing money & happiness and hype vs. value (with Rob Wiblin)
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Jul 10, 2024 
Rob Wiblin, host of The 80,000 Hours Podcast and an effective altruism researcher, dives deep into the intriguing paradox of money and happiness. He unpacks the complexities surrounding income’s diminishing returns on life satisfaction, revealing unexpected truths. The conversation also tackles the ethics of marketing hype versus real value, the significance of guiding principles in decision-making, and the intricacies of navigating toxic behaviors. Plus, Wiblin offers insights into the nuanced dynamics of parenthood and group decision-making.
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Money and Happiness
- There's a logarithmic relationship between income and life satisfaction.
- Doubling income yields similar increases in life satisfaction, studied within and across countries.
Well-being Plateau
- Well-being, how good one feels momentarily, was initially thought to plateau at a certain income.
- Kahneman's research suggested well-being flatlined around $75,000/year, unlike life satisfaction.
Killingsworth Correction
- Killingsworth, using better data, found well-being also has a logarithmic relationship with income.
- An adversarial collaboration between Killingsworth and Kahneman confirmed this, resolving the conflict.