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Will you be able to cope when tragedy strikes?
, I'm not selling insurance. You may wonder about your ability to deal with extreme adversity -- or even extremely positive events. Turns out we can usually anticipate major events and quickly adapt. Chances are, you'll be fine: This paper addresses the question of when and to what extent individuals are affected by major positive and negative life events, including changes in financial situation, marital status, death of child or spouse and being a victim of crime. The key advantage…
1 min read
Do the emotions related to how you received money affect how you spend that money?:
s: In purely rational economic terms, money is fungible. It shouldn’t matter where the $20 in your wallet came from, whether you earned it at a job or found it on the street. But people act as if it does, and in the 1980s the concept of mental accounting emerged. According to this concept, people categorize money they receive by its source, and deposit it in different mental accounts. Money received from a windfall such as winning the lottery would…
2 minutes
Are Facebook users happier single or in relationships?
cebook regularly analyzes the status updates of users to gauge their happiness. For Valentine's Day they also factored in relationship status: ...people who are in a relationship or marriage do seem to be happier than everyone else. People who are in a relationship seem less happy compared to married folks, but there is less variation in both positivity and negativity amongst married people. Married people, however, tend to be older, and we know from other studies that people do become…
1 min read
Does the relationship work better when a depressed person marries a happy person?:
ong. Tim Harford explains why here: Three economists, Cahit Guven, Claudia Senik and Holger Stichnoth, have shown that romantic partners tend to be equally happy when they get together. Worse, the same researchers also show that when one partner is much happier than the other, trouble is often in store. A happiness gap in any given year is correlated with an increased probability of separation in the subsequent year. Join over 320,000 readers. Get a free weekly update via email here. Related…
1 min read
Will I Ever Find Love?: What you should look for in a marriage partner
what you should look for in a marriage partner? Marriage isn't all fun and games. In the past I've posted about marriage making you poorer, killing sex drive, and making you fat. So if you're gonna do it, do it right. But how do you know who to marry? Should you just trust your feelings or pick the person who "looks good on paper"? Luckily, science has answers for us: Will I Ever Find Love? Step 1: Find someone…
5 minutes
Are Conservatives Happier Than Liberals?:
s. But why? A study says that conservatives' ideology gives them a buffer against negative feelings about economic inequality which liberals don't get from their own beliefs: In this research, we drew on system-justification theory and the notion that conservative ideology serves a palliative function to explain why conservatives are happier than liberals. Specifically, in three studies using nationally representative data from the United States and nine additional countries, we found that right-wing (vs. left-wing) orientation is indeed associated with…
1 min read
How to find a place to live where you’ll be happy:
ve to a rich neighborhood in a poor county: The relative income or income status hypothesis implies that people should be happier when they live among the poor. Findings on neighborhood effects suggest, however, that living in a poorer neighborhood reduces, not enhances, a person's happiness. Using data from the American National Election Study linked to income data from the U.S. census, the authors find that Americans tend to be happier when they reside in richer neighborhoods (consistent with neighborhood…
1 min read
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