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I haven't read these papers, so maybe I'm missing something, but this seems at first glance to be (yet another) misunderstanding of correlation v. causation. Maybe happy people are more likely to have the energy/enthusiasm to try new experiences; maybe happy people are less likely to succumb to impulse buying and generally spend their money more wisely; maybe they're less phased by the loss of something uninsured, etc. An 8-step program to happiness sounds overly simplistic to me.
Commented May 7, 2012 on
Despite popular assertions to the contrary, science tells us that money can buy happiness. To a point. Recent research has begun to distinguish two aspects of subjective well-being. Emotional well-being refers to the emotional quality of an individual's everyday experience — the frequency and...
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