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Satisfaction Paradox
The satisfaction paradox is an empirical phenomenon in quality-of-life research, describing how objectively negative life circumstances have relatively little impact on an individual's subjective well-being. This counterintuitive effect challenges the assumption that adverse conditions directly correlate with lower life satisfaction. Examples Financial satisfaction Older adults often report higher financial satisfaction than younger adults despite having lower incomes. While this has traditionally been attributed to psychological adaptation, research using data from the Norwegian NorLAG study suggests a material explanation: older adults generally possess more assets and have less debt, which enhances their financial well-being. However, this wealth advantage does not explain the paradox among low-income elderly individuals, as they have little accumulated wealth. Since older individuals with limited income and wealth still report higher financial satisfaction than younger co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quality-of-life Research
''Quality of Life Research'' is a peer-reviewed academic journal covering research into quality of life from a medical and public health perspective. It was established in 1992 and is published ten times per year by Springer Science+Business Media. It is the official journal of the International Society of Quality of Life Research. The editors-in-chief are Jan Böhnke (University of Dundee) and Claudia Rutherford (University of Sydney). According to the ''Journal Citation Reports'', the journal has a 2017 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a type of journal ranking. Journals with higher impact factor values are considered more prestigious or important within their field. The Impact Factor of a journa ... of 2.392. References External links *{{Official website, https://www.springer.com/journal/11136 General medical journals Public health journals Springer Science+Business Media academic journals Academic journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cognitive Bias
A cognitive bias is a systematic pattern of deviation from norm (philosophy), norm or rationality in judgment. Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the Objectivity (philosophy), objective input, may dictate their behavior in the world. Thus, cognitive biases may sometimes lead to perceptual distortion, inaccurate judgment, illogical interpretation, and irrationality. While cognitive biases may initially appear to be negative, some are adaptive. They may lead to more effective actions in a given context. Furthermore, allowing cognitive biases enables faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in Heuristic (psychology), heuristics. Other cognitive biases are a "by-product" of human processing limitations, resulting from a lack of appropriate mental mechanisms (bounded rationality), the impact of an individual's constitution and bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedonic Treadmill
The hedonic treadmill, also known as hedonic adaptation, is the observed tendency of humans to quickly return to a relatively stable level of happiness (or sadness) despite major positive or negative events or life changes. According to this theory, as a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness. Philip Brickman and Donald T. Campbell coined the term in their essay "Hedonic Relativism and Planning the Good Society" (1971). The hedonic treadmill viewpoint suggests that wealth does not increase the level of happiness. Overview Hedonic adaptation is an event or mechanism that reduces the affective impact of substantial emotional events. Generally, hedonic adaptation involves a happiness "set point", whereby humans generally maintain a constant level of happiness throughout their lives, despite events that occur in their environment. The process of hedonic adaptation is often conceptualized as a treadmill, sinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diminishing Returns
In economics, diminishing returns means the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal ('' ceteris paribus''). The law of diminishing returns (also known as the law of diminishing marginal productivity) states that in a productive process, if a factor of production continues to increase, while holding all other production factors constant, at some point a further incremental unit of input will return a lower amount of output. The law of diminishing returns does not imply a decrease in overall production capabilities; rather, it defines a point on a production curve at which producing an additional unit of output will result in a lower profit. Under diminishing returns, output remains positive, but productivity and efficiency decrease. The modern understanding of the law adds the dimension of holding other outputs equal, since a giv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Easterlin Paradox
The Easterlin paradox is a finding in happiness economics formulated in 1974 by Richard Easterlin, then professor of economics at the University of Pennsylvania, and the first economist to study happiness data. The paradox states that at a point in time happiness varies directly with income both among and within nations, but over time happiness does not trend upward as income continues to grow: while people on higher incomes are typically happier than their lower-income counterparts at a given point in time, higher incomes don't produce greater happiness over time. One explanation is that one's happiness depends on a comparison between their income and their perceptions of the average standard of living. If everyone's income increases, one's increased income gives a short boost to their happiness, since they do not realize that the average standard of living has gone up. Some time later, they realize that the average standard of living has also gone up, so the happiness boost produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
