Would winning the lottery make you happier? - Raj Raghunathan
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0:07 - 0:12Will winning the lottery make you happier?
-
0:12 - 0:16Imagine winning a multi-million dollar
lottery tomorrow. -
0:16 - 0:19If you're like many of us,
you'd be ecstatic, -
0:19 - 0:21unable to believe your good luck.
-
0:21 - 0:25But would that joy still be there
a few years later? -
0:25 - 0:27Maybe not.
-
0:27 - 0:31A famous study of 22 lottery winners
showed that months after winning, -
0:31 - 0:36their average reported levels of happiness
had increased no more -
0:36 - 0:40than that of a control group
who hadn't won the lottery. -
0:40 - 0:43Some were actually unhappier
than they had been before winning. -
0:43 - 0:47And later studies have confirmed that
our emotional well-being, -
0:47 - 0:51how often and how intensely
we feel things like joy, -
0:51 - 0:52sorrow,
-
0:52 - 0:54anxiety,
-
0:54 - 0:55or anger,
-
0:55 - 1:00don't seem to improve with wealth
or status beyond a certain point. -
1:00 - 1:04This has to do with a phenomenon
known as hedonic adaptation, -
1:04 - 1:06or the hedonic treadmill.
-
1:06 - 1:09It describes our tendency to adapt
to new situations -
1:09 - 1:14to maintain a stable
emotional equilibrium. -
1:14 - 1:15When it comes to feeling happy,
-
1:15 - 1:19most of us seem to have a base level that
stays more or less constant -
1:19 - 1:22throughout our existence.
-
1:22 - 1:24Of course, the novelty of better food,
-
1:24 - 1:25superior vacations,
-
1:25 - 1:27and more beautiful homes
-
1:27 - 1:30can at first make you feel like you're
walking on air, -
1:30 - 1:32but as you get used to those things,
-
1:32 - 1:36you revert to your
default emotional state. -
1:36 - 1:38That might sound pretty gloomy,
-
1:38 - 1:42but hedonic adaptation makes us
less emotionally sensitive -
1:42 - 1:44to any kind of change,
-
1:44 - 1:46including negative ones.
-
1:46 - 1:48The study with the lottery winners
-
1:48 - 1:53also looked at people who had suffered
an accident that left them paralyzed. -
1:53 - 1:57When asked several months after
their accidents how happy they were, -
1:57 - 2:01they reported levels of happiness
approaching their original baseline. -
2:01 - 2:06So while the hedonic treadmill may
inhibit our enjoyment of positive changes, -
2:06 - 2:11it seems to also enable our resilience
in recovering from adversity. -
2:11 - 2:13There are other reasons
that winning the lottery -
2:13 - 2:16may not make us happier in the long run.
-
2:16 - 2:19It can be difficult to manage
large sums of money, -
2:19 - 2:24and some lottery winners wind up
spending or losing it all quickly. -
2:24 - 2:26It can also be socially isolating.
-
2:26 - 2:31Some winners experience a deluge of
unwelcome requests for money, -
2:31 - 2:34so they wind up cutting themselves off
from others. -
2:34 - 2:37And wealth may actually make us meaner.
-
2:37 - 2:41In one study, participants played
a rigged game of monopoly -
2:41 - 2:45where the experimenters made
some players rich quickly. -
2:45 - 2:48The wealthy players started
patronizing the poorer players -
2:48 - 2:52and hogging the snacks
they were meant to share. -
2:52 - 2:54But just because a huge influx of cash
-
2:54 - 2:57isn't guaranteed to bring
joy into your life -
2:57 - 3:00doesn't mean that money
can never make us happier. -
3:00 - 3:03Findings show that we adapt to extrinsic
and material things, -
3:03 - 3:06like a new car or a bigger house,
-
3:06 - 3:09much faster than we do
to novel experiences, -
3:09 - 3:13like visiting a new place
or learning a new skill. -
3:13 - 3:14So by that reasoning,
-
3:14 - 3:18the more you spend money
on experiences rather than things, -
3:18 - 3:20the happier you'd be.
-
3:20 - 3:24And there's another way to turn
your money into happiness: -
3:24 - 3:26spend it on other people.
-
3:26 - 3:30In one study, participants were
given some money -
3:30 - 3:34and were either asked to spend it
on themselves or on someone else. -
3:34 - 3:38Later that evening, researchers called up
these participants -
3:38 - 3:40and asked them how happy they were.
-
3:40 - 3:43The happiness levels of those who had
spent the money on others -
3:43 - 3:47were significantly greater than that
of those who had spent it on themselves. -
3:47 - 3:51And that seems to be true
around the world. -
3:51 - 3:57Another study examined the generosity
of over 200,000 people from 136 countries. -
3:57 - 3:59In over 90% of these countries,
-
3:59 - 4:04people who donated tended to be happier
than those who didn't. -
4:04 - 4:08But this may all be easier said than done.
-
4:08 - 4:12Let's say a million dollars
falls into your lap tomorrow. -
4:12 - 4:14What do you do with it?
- Title:
- Would winning the lottery make you happier? - Raj Raghunathan
- Description:
-
View full lesson: http://ed.ted.com/lessons/would-winning-the-lottery-make-you-happier-raj-raghunathan
Imagine winning a multi-million dollar lottery tomorrow. If you’re like many of us, you’d be ecstatic, unable to believe your good luck. But would that joy still be there a few years later? Raj Raghunathan describes a phenomenon called hedonic adaptation, which may shed light on the answer.
Lesson by Raj Raghunathan, animation by Allen Laseter.
- Video Language:
- English
- Team:
- closed TED
- Project:
- TED-Ed
- Duration:
- 04:36
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Jessica Ruby edited English subtitles for Would winning the lottery make you happier? - Raj Raghunathan | ||
Jennifer Cody edited English subtitles for Would winning the lottery make you happier? - Raj Raghunathan | ||
Jennifer Cody edited English subtitles for Would winning the lottery make you happier? - Raj Raghunathan |