Green-tinted Glasses

Looking at the world through an economist’s eyes

The secret to happiness

Posted by GTG on March 30, 2008

What win I if I gain this thing I seek,

A dream, a breath, a froth of fleeting joy?

Who buys a minute’s mirth to wail a week,

Or sells eternity for a toy?

A friend set me thinking about happiness recently. Why are we less happy than others even when we live in much more fortunate circumstances? And why does happiness seem to be a never-ending pursuit, with no happily-ever-after endings?

vallen_pursuit_of_happyness

I came up with a model (”Economists: we do it with models”) for happiness to answer the two questions above, and which I hope can give further insight on the science of happiness. Interestingly, the model also reveals some surprising tips on how to achieve it.

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