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Question

A quote saying that "I think it is possible to way overestimate the importance of happiness."

WHYY ????

Answer 1

The economist George Loewenstein said:

"I think it's possible to way overestimate the importance of happiness. Part of the meaning of life is to have highs and lows. A life that was constantly happy was not a good life."

(...) There is a very small correlation between wealth and happiness -- accounting for about 1% of the happiness reported by people answering surveys. And for some groups, that relationship may be considerably bigger. People who are poor seem to get much happier when their monetary prospects improve, as do the very sick.

(...) Why doesn't wealth bring a constant sense of joy? "Part of the reason is that people aren't very good at figuring out what to do with the money," says George Loewenstein, an economist at Carnegie Mellon University. People generally overestimate the amount of long-term pleasure they'll get from a given object.

(...) Other trophies simply don't bring the payoff one expects. Says Loewenstein, "If you're a single male driving around in the Ferrari with nobody next to you, it's a glaring omission."

(...) How important is happiness, anyway? People with chronic illnesses describe themselves as happy, but they would still pay large sums for better health. And although healthy individuals are not much happier than quadriplegics, they would pay large sums of money to keep the use of their limbs. Some of life's most satisfying experiences don't bring happiness. For instance, having children actually makes people less happy over the short term -- but that doesn't necessarily mean we should stop procreating.