It’s a global problem, which means recent U.S. policy might be doomed to fail.
A must-read book spanning time and science.
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The science of happiness is still a youthful and controversial field, but one thing seems to be clear: there’s only so much money and comfort can bring. Economic growth doesn’t translate to happiness. Sure, people in developed countries often tend to be happier than those in developing countries, but generally speaking money doesn’t bring more happiness – it just brings less sadness.
A new study by Oxford researchers suggests that we all would like to maximize our profits, it’s just that some simply don’t understand the rules of the game. In other words, they act altruistic because they don’t know how to be selfish, which in effect doesn’t make them altruistic at all.
It’s easy to assume that with economic gain comes happiness — we live in capitalism, after all. But science comes to prove us all wrong yet again, and shows that the link between economics and happiness is much more complicated that we thought. Money can’t buy happiness, it seems.
In the 1980s, concerned that the state statute on prostitution was too broad and could potentially infringe on First Amendment freedoms, lawmakers in Rhode Island decided to make it more explicit by cutting some articles. They went a bit too far, though, and accidentally removed the section defining the act itself as a crime. It wasn’t until 2003 that courts
Poverty posses long lasting social, emotional and, least not forget, cognitive perils. A recent study found that people under financial strain have a hard time focusing on anything else other than their day-to-day strides, seriously affecting their cognitive abilities. The researchers, led by noted Harvard economist Sendhil Mullainathan, found that people affected by poverty scored as much as ten points lower than
The prisoner’s dilemma is one of the most famous paradigms and at the same time one of the most discussed case studies in both economics and psychology introductory classes. Basically, two prisoners are each isolated from one another and are presented with two choices: either they turn the other in (sabotage) or remain silent (cooperate). Now, from here on it
It’s generally known that people of above-average physical looks are at a greater social advantage than people of average or sub-average appearance. Beautiful people are known to be more successful, happier and more financially fulfilled. Regarding the last part, there’s always been a controversy regarding the economics behind this kind of superficial advantage. Renowned economist Daniel Hamermesh of University of
You may have thought things like currency or money are concepts known solely by man – something which differentiates humans from animals. Some might have a sense of ownership, besides of course territory, but trading and the likes haven’t been observed in any other species besides homo sapiens. An economist/psychologist duo from Yale back in 2005, however, managed to train seven capuchin monkeys how to use money, and I’m pretty sure from here on some of you might be able to guess what happened from there on.