This week’s $100 million lottery prize prompted ABC radio to ring me about the research finding that winning the lottery doesn’t make you happier. I declined the interview after discovering that I would be talking live to the nation’s insomniacs at 4.20am next Sunday morning (though did suggest a solution to this problem – find an overseas interviewee in a day time zone).
Though one early paper – which is cited in books on subjective well-being published up until a few years ago – did find some evidence for negative effects of lottery wins, it was never an especially strong finding. Winners in the sample experienced lesser ‘mundane’ pleasures than members of a control group, but their present ‘general happiness’ was higher. The authors of this paper also stressed that their survey was at a single point in time, and could not do genuine before and after tests of happiness changes.
This later paper by Andrew Oswald was able to use the British Household Panel Survey to do a genuine before and after examination of lottery winners. It found that
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