Income: Hedonic Treadmill

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 42 in 45 Conversations About Behavioral Economics, 2022, pp 173-175 from Springer

Abstract: Abstract On an exercise treadmill, we work hard and go nowhere. That is an intended consequence. On a hedonic treadmill, we work hard and get no more happiness. That is an unintended consequence. But we have two options: A. Any of us can jump off the hedonic treadmill; B. Together we can turn off the hedonic treadmill. Let's talk about what would happen to your happiness if you do A, and then if we all do B.

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_42

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