Point to note is the stark opposition that exists between Economists and Psychologists. Economists feel the method of simply asking people to report the levels of their happiness is unscientific, the psychologists of course think its quantifiable & hence can be measured in this way. Well, the Psychologists have no choice really - asking people is the only way.
Key points to note about our state of well-being
- Happiness is relative not absolute
- Money does make us Happy, but only to a certain degree
- Its surprising how fast we get over things
- Any grief can be compensated monetarily
- Its not known for certain that success/money/socializing make us Happy, or Happy people tend to acquire these things
The key motivation behind all the research on Happiness is said to be monetary compensation in judicial matters. As an example, how much should an accident victim or a widow be paid. And not just how much but HOW as well i.e. a lump sump or in periodic installments. The reasoning is that - if we can determine how much & for how long grief lowers happiness and how much money enhances it then compensations can be accurately determined.
Quote
"Nothing in life, good or bad lasts for ever, at least in terms of Happiness"
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