“A plausible interpretation is that higher income is associated with a reduced ability to enjoy the small pleasures of life. […] There is a clear contrast between the effects of income on experienced well-being and in life satisfaction. Higher income brings with it higher satisfaction, well beyond the point at which it ceases to have any positive effect on experience. […] Life satisfaction is not a flawed measure of their experienced well-being, as I thought some years ago. It is something else entirely.”

— Daniel Kahneman , book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 37, "Experienced well-being", page 397 (ISBN 9780141033570).

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Daniel Kahneman 51

Israeli-American psychologist 1934

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