The Hedonic Treadmill and Why Happiness Has No Price Tag

Money can’t buy you happiness and winning the lottery could be the worst thing to ever happen to you.   Take Billie Bob Harrell Jr.: It’s 1997, and his years-long streak of layoffs has led him to work stocking shelves at Home Depot. Suddenly, his luck seemed to turn around one evening as he sat in his living room, watching TV. His randomly selected six numbers matched those drawn by the Texas lottery. Just like that, he was $31 million … Continue reading The Hedonic Treadmill and Why Happiness Has No Price Tag