Economic Way of Thinking

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theccee on Twitter
theccee on Twitter
The CCEE team partnered with @thegriotb of Schoolyard Rap to create our very own music video about how we are each our own greatest resource–or in other words, human capital! Check it out and share if you also agree that we hold the keys to investing in our own potential! #edchat https://t.co/4e8475WLlh
derek68·twitter.com·
theccee on Twitter
Experienced well-being rises with income, even above $75,000 per year
Experienced well-being rises with income, even above $75,000 per year
Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. This suggests that higher incomes may still have potential to improve people’s day-to-day well-being, rather than having already reached a plateau for many people in wealthy countries. Data aggregated by income level have been deposited in OSF (https://osf.io/nguwz/) ([23][1]). Granular data are stored in a repository and are available to qualified researchers who wish to verify or extend the claims of this paper; contact the author for access information. March 25, 2021: The Data Availability section has been updated. [1]: #ref-23
derek68·pnas.org·
Experienced well-being rises with income, even above $75,000 per year
100 Tips for a Better Life - LessWrong
100 Tips for a Better Life - LessWrong
(Cross-posted from my blog) The other day I made an advice thread based on Jacobian’s from last year! If you know a source for one of these, shout and I’ll edit it in. Possessions 1. If you want to find out about people’s opinions on a product, google product reddit. You’ll get real people arguing, as compared to the SEO’d Google results. 2. Some banks charge you $20 a month for an account, others charge you 0. If you’re with one of the former, have a good explanation for what those $20 are buying. 3. Things you use for a significant fraction of your life (bed: 1/3rd, office-chair: 1/4th) are worth investing in. 4. “Where is the good knife?” If you’re looking for your good X, you have bad Xs. Throw those out. 5. If your work is done on a computer, get a second monitor. Less time navigating between windows means more time for thinking. 6. Establish clear rules about when to throw out old junk. Once clear rules are established, junk will probably cease to be a problem. This is because any rule would be superior to our implicit rules (“keep this broken stereo for five years in case I learn how to fix it”). 7. Don’t buy CDs for people. They have Spotify. Buy them merch from a band they like instead. It’s more personal and the band gets more money. 8. When buying things, time and money trade-off against each other. If you’re low on money, take more time to find deals. If you’re low on time, stop looking for great deals and just buy things quickly online. Cooking 9. Steeping minutes: Green at 3, black at 4, herbal at 5. Good tea is that simple! 10. Food actually can be both cheap, healthy, tasty, and relatively quick to prepare. All it requires is a few hours one day to prepare many meals for the week. 11. Cooking pollutes the air. Opening windows for a few minutes after cooking can dramatically improve air quality. 12. Food taste can be made much more exciting through simple seasoning. It’s also an opportunity for expression. Buy a few herbs and spi
derek68·lesswrong.com·
100 Tips for a Better Life - LessWrong
5-Year Cost To Own | Kelley Blue Book
5-Year Cost To Own | Kelley Blue Book
Let Kelley Blue Book help you understand a car's 5-year cost to own beyond its purchase price when you consider out-of-pocket expenses like fuel and insurance, plus the car's loss in value over time (depreciation).
derek68·kbb.com·
5-Year Cost To Own | Kelley Blue Book
Business Leaders' poll shows support for tax incentives, spending stimulus funds on 'megasite' prep | Crain's Detroit Business
Business Leaders' poll shows support for tax incentives, spending stimulus funds on 'megasite' prep | Crain's Detroit Business
Just one-in-six Michigan voters thinks the state has a long-term strategy for attracting new jobs and business investment.About 71 percent of Michigan voters believe job-creation policy depends on who's in office, according to a new statewide poll commissioned by Business Leaders for Michigan.In…
derek68·crainsdetroit.com·
Business Leaders' poll shows support for tax incentives, spending stimulus funds on 'megasite' prep | Crain's Detroit Business
Perspective | Amazon, can we have our name back?
Perspective | Amazon, can we have our name back?
Amazon's use of Alexa as a wake word for its voice assistant turned the name into a command, impacting daily interactions for people with the name, myself included.
derek68·washingtonpost.com·
Perspective | Amazon, can we have our name back?
Productivity Is Offseting Wage Gains - The Big Picture
Productivity Is Offseting Wage Gains - The Big Picture
50 Years of Productivity Gains     To hear an audio spoken word version of this post, click here.   There has been lots of ink spilled on the dangers of rising wages as a source of inflation. The problem with focusing on input costs is that it is incomplete. To fully understand the wage and labor…Read More
derek68·ritholtz.com·
Productivity Is Offseting Wage Gains - The Big Picture