Friday, April 10, 2009

Keeping up with the Joneses

We all read from time to time about happiness and money. A few of us also understand that having money does not necessarily equate to being happy.



This new Harvard research is a real eye-opener.The research posed two basic sceanrios to the qualified students. Would they take a $100,000 job without being told what their friends/peers earn or would they take a $50,000 job if they knew their peers would earn half their salary.



Surprise Surprise - the particpants chose the 50k pay instead of $100k.

What it shows is we are primarly motivated by comparing ourself with our peers/people known to us/relatives and push ourselves to be the best among this almost negligible percentage of the world's population.



Comparison indeed breeds acquisitiveness.

2 comments:

Anonymous said...

Are you T.N. Balaji? I meant - Thirupakuzhi Narasimhan Balaji?

Wellingtonbala said...

Will tell you after you disclose your identity :-)