Economic Way of Thinking
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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
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
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
