A psychologically rich life: Beyond happiness and meaning.

How your bank balance buys happiness: The importance of “cash on hand” to life satisfaction.

Tightwads and spendthrifts: An interdisciplinary review

Consumers rely on a “pain of paying” to help deter their spending. While this is beneficial for some consumers, others experience levels of pain that create problems. “Tightwads” experience too much pain when considering spending and therefore spend less than they would ideally like to spend. By contrast, “spendthrifts” experience too little pain and therefore spend more than they would ideally like to spend. Neither are happy with how they handle money. In the decade since the tightwad‐spendthrift construct was introduced, much has been learned about what it is and is not (e.g., frugality, greed), what contextual factors are likely to reduce its importance, how it plays a role within romantic relationships, and when it might first emerge in childhood. This paper reviews the wide range of interdisciplinary research relevant to the tightwad‐spendthrift construct and proposes several directions for new research.

Why major life decisions should be approached with ‘epistemic humility’ | Psyche Videos

At a crossroads in life? No matter how much you deliberate, one unknowable remains: the person you will be on the other side

Madness and Enterprise: Psychiatry, Economic Reason, and the Emergence of Pathological Value

Uncovers a powerful relationship between pathology and money: beginning in the nineteenth century, the severity of mental illness was measured against a patient’s economic productivity.  Madness and Enterprise reveals the economic norms embedded within psychiatric thinking about mental illness in the North Atlantic world. Over the course of the nineteenth century, various forms of madness were subjected to a style of psychiatric reasoning that was preoccupied with money. Psychiatrists across Western Europe and the United States attributed financial and even moral value to an array of pathological conditions, such that some mental disorders were seen as financial assets and others as economic liabilities. By turning to economic conduct and asking whether potential patients appeared capable of managing their financial affairs or even generating wealth, psychiatrists could often bypass diagnostic uncertainties about a person’s mental state. Through an exploration of the intertwined histories of psychiatry and economic thought, Nima Bassiri shows how this relationship transformed the very idea of value in the modern North Atlantic, as the most common forms of social valuation—moral value, medical value, and economic value—were rendered equivalent and interchangeable. If what was good and what was healthy were increasingly conflated with what was remunerative (and vice versa), then a conceptual space opened through which madness itself could be converted into an economic form and subsequently redeemed—and even revered.

Why older people are happier and what we can learn from them | Psyche Ideas

Around the world, happiness tends to peak later in life. It has more to do with balancing priorities than elderly wisdom

The Monsters, Inc. Argument for Unconditional Basic Income

How to convert an economy based on fear to one based on joy

Systems: How the Ultra-Wealthy Think About Money - Anil Dash

A blog about making culture. Since 1999.

Learning From Older Adults: An Intergoal Compatibility Account for Successful Happiness Pursuit

Academic Abstract People want to pursue happiness but often fail, a phenomenon known as the paradox of pursuing happiness. The mechanisms underlying this paradox remain elusive. Age differences in happiness—specifically that older adults appear more successful in pursuing happiness (the emotion paradox of aging)—provide valuable insights into effective happiness pursuit. Drawing on this literature, we propose an intergoal compatibility account to interpret both paradoxes through the lens of intergoal interactions, an intuitively critical yet underexplored factor in existing interpretations. This account asserts that greater compatibility (fewer conflicts and greater facilitation) between happiness pursuit and other important personal goals enhances the effectiveness of happiness pursuit, and such compatibility can be enhanced through contextual influences (e.g., age-graded developmental tasks) and strategic self-regulation (e.g., goal adjustments). This account generates testable predictions and practical implications for enhancing happiness pursuit across the lifespan. Public Abstract Why do people often struggle to achieve happiness? And why are older adults happier than younger adults, even though they face more losses in life? While these questions have drawn extensive attention, they remain puzzling. A crucial yet insufficiently explored factor in successful happiness pursuit is intergoal compatibility —the extent to which the pursuit of happiness aligns or conflicts with other important personal goals. For younger adults, the demands of age-related developmental tasks (e.g., educational and career aspirations) often create conflicts with the pursuit of happiness, diminishing its effectiveness. Conversely, in older adults, happiness becomes more prioritized and compatible with other important personal goals, thereby enhancing the effectiveness of pursuing happiness. A lesson we can learn from older adults is to pursue happiness in ways compatible with other important personal goals.

The Role of Luck in Life Success Is Far Greater Than We Realized

Are the most successful people in society just the luckiest people?

The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg

A young woman walks into a laboratory. Over the past two years, she has transformed almost every ...

Chasing life goals is a recipe for disaster – so try these tiny experiments instead

Whether its our careers, health or relationships, we often set the bar too high and end up feeling disappointed when it doesn’t work out. Try this new way of thinking … and you may just see some real results

On Making

TLDR: I gain a lot of fulfillment by making things. I don't consider things built by others at my request to be made by me, and are therefore much less fulfilling. And then I feel sad. This article starts strong and then heads off into the weeds.

How to know what you really want and be free from mimetic desire | Psyche Guides

From career choices to new purchases, use René Girard’s mimetic theory to resist the herd and forge your own path in life