A plausible interpretation is that higher income is associated with a reduced ability to enjoy the small… — Daniel Kahneman
A plausible interpretation is that higher income is associated with a reduced ability to enjoy the small pleasures of life. [...] There is a clear contrast between the effects of income on experienced well-being and in life satisfaction. Higher income brings with it higher satisfaction, well beyond the point at which it ceases to have any positive effect on experience. [...] Life satisfaction is not a flawed measure of their experienced well-being, as I thought some years ago. It is something else entirely.
p. 397Source: Wikiquote · CC BY-SA 4.0
More from this book
disbelief is not an option. The results are not made up, nor are they statistical flukes. You have no choice but to accept that the major conclusions of these studies are true.
There is no evidence that risk takers in the economic domain have an unusual appetite for gambles on high stakes; they are merely less aware of risks than more timid people are.
p. 263
He's taking an inside view. He should forget about his own case and look for what happened in other cases.
p. 254
