![]() ![]() ![]() The study found in the long run there was no difference between the happiness felt by either group of individuals. The example the guest lecturer brought up was a study done in 1987 on lottery winners compared to non-lottery winners. You would be thrilled right? According to this theory, eventually, this pay increase becomes normalized and your level of happiness returns to its previous set point. For example, say you are receiving salary A for your job and your boss walks in informing you about a 50% raise, resulting in salary B. ![]() The hedonic treadmill speaks of how people, in general, have a set point of happiness, and although stimuli occur resulting in peaks and troughs in a person’s happiness, normally they return to their previously set point of happiness. We had a guest lecturer for this portion of the class and he brought up a theory I had never heard before, the hedonic treadmill. Last weekend I was sitting in a classroom in Columbia, MO for my MBA program listening to a lecture on microeconomics. ![]()
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