Date created: 2022-05-19
I think about it as the “rubber band” that pulls you back to your baseline mood after big life events, positive or negative.
I remember a study on lottery winner and victims of car crashes, which found that after a certain time (1 year? 5 years?) their life satisfaction was back to the starting point.
Some take-aways from this effect: Don’t let money be a detour to achieving other values because you will likely bounce back to your Steady state anyways.
And: all things will pass, even the terrible events.
- Link to website, bibtex from Zotero or note with book/blog/etc summary