Friday, June 18, 2010

Beyond a basic sustenance level, of course.

Aside from payment being vastly misunderstood as an incentive – that greater payment results in no greater output when the task requires creative or cognitive ability – it turns out that it might just make you plain old less happy:
In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals’ ability to savor undermined the positive effects of money on their happiness... This article presents evidence supporting the widely held but previously untested belief that having access to the best things in life may actually undercut people’s ability to reap enjoyment from life’s small pleasures.

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