#68 Daniel Kahneman: Putting Your Intuition on Ice
The Knowledge Project with Shane Parrish
00:00
Money, Happiness, and Life Satisfaction
- Money does not necessarily correlate to happiness, but poverty certainly correlates to unhappiness.
- After a certain threshold (around $70,000 in the US), more money doesn't increase emotional happiness.
- Life satisfaction, unlike happiness, is not satiated by money; more is always better.
- Money is often a proxy for success and subjective feelings of accomplishment.
- Billionaires continue to work hard not because they need the money, but because it validates their abilities.
- Both happiness and life satisfaction correlate with longer and better living, but it's difficult to separate which is more important.
Transcript
Play full episode
