Thinking, Fast and Slow - Daniel Kahneman

more than 450,000 responses: Daniel Kahneman and Angus Deaton, “High Income Improves
Evaluation of Life but Not Emotional Well-Being,” Proceedings of the National Academy of
Sciences 107 (2010): 16489–93.
worse for the very poor: Dylan M. Smith, Kenneth M. Langa, Mohammed U. Kabeto, and
Peter Ubel, “Health, Wealth, and Happiness: Financial Resources Buffer Subjective Well-
Being After the Onset of a Disability,” Psychological Science 16 (2005): 663–66.
$75,000 in high-cost areas: In a TED talk I presented in February 2010 I mentioned a
preliminary estimate of $60,000, which was later corrected.
eat a bar of chocolate!: Jordi Quoidbach, Elizabeth W. Dunn, K. V. Petrides, and Moïra
Mikolajczak, “Money Giveth, Money Taketh Away: The Dual Effect of Wealth on
Happiness,” Psychological Science 21 (2010): 759–63.
38: Thinking About Life
German Socio-Economic Panel: Andrew E. Clark, Ed Diener, and Yannis Georgellis, “Lags
and Leads in Life Satisfaction: A Test of the Baseline Hypothesis.” Paper presented at the
German Socio-Economic Panel Conference, Berlin, Germany, 2001.
affective forecasting: Daniel T. Gilbert and Timothy D. Wilson, “Why the Brain Talks to
Itself: Sources of Error in Emotional Prediction,” Philosophical Transactions of the Royal
Society B 364 (2009): 1335–41.
only significant fact in their life: Strack, Martin, and Schwarz, “Priming and Communication.”
questionnaire on life satisfaction: The original study was reported by Norbert Schwarz in his
doctoral thesis (in German) “Mood as Information: On the Impact of Moods on the Evaluation
of One’s Life” (Heidelberg: Springer Verlag, 1987). It has been described in many places,
notably Norbert Schwarz and Fritz Strack, “Reports of Subjective Well-Being: Judgmental
Processes and Their Methodological Implications,” in Kahneman, Diener, and Schwarz, Well-
Being, 61–84.
goals that young people set: The study was described in William G. Bowen and Derek Curtis
Bok, The Shape of the River: Long-Term Consequences of Considering Race in College and
University Admissions (Princeton: Princeton University Press, 1998). Some of Bowen and
Bok’s findings were reported by Carol Nickerson, Norbert Schwarz, and Ed Diener, “Financial
Aspirations, Financial Success, and Overall Life Satisfaction: Who? and How?” Journal of
Happiness Studies 8 (2007): 467–515.
“being very well-off financially”: Alexander Astin, M. R. King, and G. T. Richardson, “The
American Freshman: National Norms for Fall 1976,” Cooperative Institutional Research
Program of the American C {he on, Rouncil on Education and the University of California at