Quotes Entirely Relevant to Investing 01-06-2008

by Mr Juggles

Experienced happiness, we learned, depends mainly on personality and on the hedonic value of the activities to which people allocate their time. Life circumstances influence the allocation of time, and the hedonic outcome is often mixed: high-income women have more enjoyable activities than the poor, but they also spend more time engaged in work that they do not enjoy; married women spend less time alone, but more time doing tedious chores. Conditions that make people satisfied with their life do not necessarily make them happy.

Daniel Kahneman, 2002 Nobel Prize in Economics Recipient

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