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Saturday, July 10, 2010

Mind: Money Makes You Less Likely to Savor Small Pleasures

The notion that money can’t buy happiness has, in recent years, been backed up by a lot of psychological research. But this confirmation of time-honored wisdom begs the question: Why the hell not?
Affluent individuals, and less-wealthy people with money on their minds, are less likely to slow down and savor the Snickers.

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In other words, that rich guy undoubtedly gets a kick out of driving his Porsche to the beach. But once he meets you there, you’re more likely to get a genuine thrill out of the gorgeous sunset.

Quoidbach and his colleagues reached this conclusion after conducting two studies.

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The second experiment featured 40 volunteers, who ostensibly participated in a taste-testing study featuring varieties of chocolate. All began by filling out a survey; in the process of doing so, half were exposed to a photograph of money. [Emphasis added].

As they consumed pieces of chocolate, the test subjects were surreptitiously observed by two researchers who used stopwatches to measure the time they spent savoring each treat. The researchers also evaluated how much joy the participants showed on their faces as they tasted the chocolate.

After controlling for gender (to no one’s surprise, the men ate more quickly) and overall attitudes toward chocolate, the researchers found those who had been exposed to the photo of cash “spent significantly less time eating the chocolate, and displayed significantly less enjoyment.”

From Money Makes You Less Likely to Savor Small Pleasures by Tom Jacobs, May 24, 2010, at Miller-McCune.

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