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Given the diminishing marginal utility of money it's important to keep in mind that expected value of wealth != expected value of happiness.
True, but you can also donate it, and if you do that right the marginal utility doesn't decrease.
I was referring to marginal utility of your happiness, which is the expected value I assume most people are optimizing.
I think most successful are optimizing for impactfulness thought...
But presumably most people don’t do this right?
That may be so, but this study (based on income, not net worth) showed expected value of wealth = expected value of satisfaction: http://content.time.com/time/magazine/article/0,9171,2019628,00.html …pic.twitter.com/YN8aWfDi0k
No it doesn't show that. The study show that there's a correlation >0. It doesn't show that the correlation is 1.
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