from the Press Release: "For the article, titled "Would you be happier if you were richer? A focusing illusion," Princeton University psychologist Daniel Kahneman (CASBS fellow 1978) and colleagues, including University of Michigan psychologist Norbert Schwarz (CASBS fellow 2001), analyzed the link between money and happiness, presenting new evidence showing that what they call "the focusing illusion" affects how people respond when asked how happy or how satisfied they are with their lives.
"When people consider the impact of any single factor on their well-being—not only income—they are prone to exaggerate its importance," they wrote."
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